The Mayor of London, Sadiq Khan has today reaffirmed his vision to restore the Royal Docks as part of his plan to build over 36,000 new homes and create 55,000 new jobs across the historic East London area.
Including the Royal Docks, the Mayor is backing the delivery of 129,300 homes across major development areas, including London Riverside, Isle of Dogs, Thamesmead and Canada Water.
The Royal Docks is one of the largest regeneration areas in London, with seven significant developments being brought forward across 175 hectares of public land belonging to the Greater London Authority, representing a mix of residential, commercial, and industrial developments. Around £5billion of investment is planned for the area over the next 20 years.
Over the last five years, the Mayor has been working with Newham Council to deliver a comprehensive regeneration programme that will restore the former docks into a new waterside destination.
This includes more than 9,000 new homes built or under construction, approximately 2,620 new jobs created, and the establishment of the Royal Docks as London’s only London Living Wage place, where a growing number of employers have signed up to paying a fair wage. Work has also begun on the flagship Silvertown redevelopment, a key site that has eluded the attempts of successive mayors and governments to regenerate it. This will create 6,500 new homes, including hundreds of much-needed homes at social rent levels.
The Mayor of London, Sadiq Khan, said: “Once the beating heart of global trade, today the Royal Docks is re-emerging as one of the country’s leading areas of opportunity, investment, and innovation.”
“Our new five-year plan sets out the vision for unlocking the full potential of this area with a multi-billion-pound regeneration programme that will deliver thousands of new homes and jobs and create a new economic powerhouse for the capital as part of my work to create a better, fairer, greener London for everyone.”
“I am pleased that we are now looking for a new development partner to transform Royal Albert Dock, one of the key sites in the Royal Docks. This will play a major role in the capital’s continuing economic success and growth eastwards.”
Mayor of Newham, Rokhsana Fiaz, said: “We made a promise five years ago with our first Delivery Plan that the future of the Royal Docks has to deliver real benefits and opportunities for local people. As London’s first Living Wage neighbourhood, we are making real people-powered progress. Thousands of genuinely affordable homes have been built that people can afford; as well as the creation of more than 2,500 jobs for our local people and Londoners.”
“Looking ahead to the coming five years we’ll unlock the full potential of the Royal Docks as a thriving part of London setting a new standard in sustainable living through more jobs, homes and opportunities. We’ll also place a premium on the well-being and happiness of local people as the Royal Docks and Newham are the beating heart of London. Working with the Mayor of London and the GLA, we are setting a new standard in our vision for the Royal Docks as we turbocharge our ambitious plans with purpose and with local people.”
