Barratt London walked away from the development partner role last October after being appointed 18 months previously.

Enfield Council has now decided to end the hunt for a replacement master developer and take responsibility in-house.

Cllr Nesil Caliskan, Leader of Enfield Council, said: “Today marks a watershed moment in the delivery of Meridian Water.

“Meridian Water is back on track and the way we are delivering is genuinely new for a local authority.

“Going forward we will be in control and we will be the custodians of the place Meridian Water will become; investing council money and resources to ensure that local people are the principle beneficiaries of the new homes and jobs that will be created.”

The council will still look for development partners on smaller parcels of land with the first one procured through the GLA’s London Development Panel

Caliskan said: “We will select development and other partners to work with the council to bring forward specific parts of the regeneration, whether that is for housing delivery, new employment spaces or meanwhile uses, and we will hold the vision for Meridian Water and oversee its delivery.

“I am pleased to say that we are also ready to accelerate delivery and will bring forward the first housing site, which will see hundreds of private and affordable homes built around the new train station.

“A second housing site and a site for a major employment hub will then follow.”

The new Meridian Water Station will open in May 2019, unlocking the area for commuters, taking passengers south to Stratford London and London Liverpool Street and north to Stansted and Cambridge