Login | Register
27/06/2018

London’s Royal Docks regeneration approved

Words: Laura Edgar
Application green-lit / iStock-620698764

The London Economic Action Partnership (LEAP) has given its consent to plans that could see 4,000 homes built at the Royal Docks.

As well as the homes, Mayor of London Sadiq Khan and Mayor of Newham Rokhsan Fiaz’s £314 million plans could also generate 35,000 jobs and attract more the £5 billion of inward investment by 2037/78.

These estimates are contained in a statement from Khan’s office.

The Royal Docks is the capital’s only enterprise zone, and LEAP, London’s local enterprise partnership, responsible for allocating funding raised through the enterprise zone. The enterprise zone is part of the larger Royal Docks & Beckton Riverside Opportunity Area, which could deliver 60,000 new jobs and 25,000 new homes.

The planned investment will be carried out over the next five years and is expected to support the regeneration of the area.

The Royal Docks formed part of the role in the capital’s economy from the mid-1800s but fell into decline in the 1960s and 1970s.

The investment package will go towards transport infrastructure, connectivity, economic development, placemaking, creative programming, promotion and estate management to transform the area.

Key projects in the plans include creating an attractive waterside residential, leisure and business district for the borough and engaging the local community and businesses in and around the Royal Docks to ensure they have a stake in the area’s regeneration.

The mayor is a major landowner in the Royal Docks – which includes Silvertown Quays, Royal Albert Dock and Albert Island – along with the London Borough of Newham. He recently established a Royal Docks Delivery Team at City Hall to lead on the implementation of the plan.

The Mayor of Newham, Rokhsana Fiaz, said: “The potential of this investment to improve the lives of our residents, and benefit the whole of London, is great and will fully involve our local residents. I am pleased that they will be at the heart of this exciting regeneration project with businesses from around the world. I am really excited to be working with residents, partners and the Mayor of London to help deliver this ambitious plan.”

Lead LEAP member for the Royal Docks Enterprise Zone, Colette O’Shea, added: “It is a unique opportunity for the LEAP to invest in affordable workspace, skills and business support, paired with public realm and infrastructure improvements, all in one distinctive location. It demonstrates a great piece of joint working between the mayor, Newham and the LEAP.”

Image credit | iStock

Tags