REGENERATION of West Croydon is gaining "real momentum", the council's cabinet member for economic development, Toni Letts said this week.
Councillor Letts outlined a number of initiatives to Monday's council cabinet meeting which were underway to improve the area.
She said: "The overall investment is going to be £50 million and the local community can look forward to the future with confidence and excitement."
The investment includes £2 million being spent on improving the street scenery, building new shop fronts and providing new signage.
Improvements are also planned for the West Croydon interchange to the junction of Station Road, Poplar Walk and North End.
This will result in better interchange facilities between buses, trams and trains, improved landscaping and better lighting and footpaths to help reduce crime.
Separately, Transport for London is redeveloping West Croydon bus station.
Other leaps forward, Cllr Letts said, included the opening of an Enterprise Hub in London Road which has supported 58 businesses, created 44 jobs and helped 41 start-up businesses since it opened in July last year.
Other major projects in the pipeline mentioned by Cllr Letts included building a new Harris Academy on the former Croydon General hospital site in London Road and the refurbishment of The Interchange building next to West Croydon station, providing 180,000 sq ft of office space.
Councillor Jason Perry, the shadow cabinet member for economic development, while welcoming the progress report said it was putting details on work which was started by council's previous Conservative administration.
He said: "It is the dialogue and trust that has been built up over many years that has allowed these proposals to come forward."