Plans for a £4billion regeneration that could transform Brent Cross into “world class” retail destination and town centre have been submitted to Barnet Council.

The application, the biggest in the history of north west London, was handed to Barnet Council by shopping centre owners Hammerson and its project partner Standard Life Investments this week.

Under the plans, more than 7,500 homes would be built and more than 27,000 jobs created in a huge new town centre with retail, dining, leisure and community facilities.

The developers received outline planning permission in 2010 but have now come back with revised plans following a public consultation in June and July.

Among the amendments is a network of covered streets comprising shopping areas in and around Brent Cross, as well as a huge new cycle and pedestrian bridge over the North Circular Road.

Transport improvements in the area will also be carried out earlier under the revised application.

Developers say that of more than 1,700 people who attended the public exhibitions, 87 per cent of people supported the proposed changes. 

James Stevens, head of UK development at Standard Life Investments, said in a statement: “The positive public response just underlines what people have been telling us since the start of the summer.

“They want a local transport network that works for pedestrians, cyclists, cars and public transport users, alongside better shops and restaurants, new homes and jobs, modern schools and community facilities, plus great parks and open spaces. This is what the wider Brent Cross Cricklewood masterplan will deliver.”

Barnet Council will now hold its own public consultation on the proposals, which is expected to include exhibition events.

The application will come before the planning committee in 2014 and, if approved, developers are hoping to start work on the first phase of the regeneration by late 2015.

Cllr Richard Cornelius, leader of Barnet Council, said: “This is a hugely important application for the borough and it is important that we get it right. The planning committee will be scrutinising these changes closely.”