Login | Register
22/01/2015

London’s Millennium Mills gets £12m investment

Words: Laura Edgar

The Mayor of London, Boris Johnson, has secured £12 million to fast-track the redevelopment of a former flour factory in the Royal Docks.

The money, said Johnson, will go towards the demolition of parts of the interior and decontaminating the Millennium Mills building of asbestos. The aim is to see the redevelopment completed five years earlier, allowing the building to open as a centre for business by 2017. Work has already begun on redeveloping the site.

The work on Millennium Mills is part of a large £3.5 billion regeneration project to take this area of the Royal Docks  from the industrial age into the digital age. Led by the Silvertown Partnership, the project aims to deliver more than 20,000 new jobs and 3,000 new homes.

Johnson said: “The restoration of this great industrial monolith is another vital ingredient in the regeneration of London’s historic Royal Docks. We want to return this site to its former glory, supporting business and enterprise and breathing new life into an area of the capital that has been dormant for decades.”

The £12 million funding has come from the government’s Building Foundations for Growth Enterprise Zones Capital Grant, awarded to Millennium Mills through the London Enterprise Panel, chaired by the mayor.

Elliot Lipton, from the Silvertown Partnership, added: “Silvertown is a final part of the jigsaw for East London. It has the space, the scale and the access to bring together game-changing individuals and enterprises. We have a unique opportunity here to bring together many of the leading-edge activities, with the space to grow, to collaborate, to move our city forward. We have now marked the start, with Millennium Mills set to house half-a-million square feet of creativity at the heart of Silvertown.”

Image courtesy of Tom Page

Tags