Dusk view of Royal Victoria Dock, with Canary Wharf in the background

Billions investment in major London regeneration project for thousands of new homes

Homes England have announced that they will be providing loan funding to help with the delivery of a new regeneration project, costing billions.

The regeneration will take place in Silvertown in Newham, which has been derelict for the 40 years. The project will include the building of 6,000 new homes, 1.8 million square feet of “next-generation business workspace,” as well as space for cultural and community events and a “vibrant” new town centre.

Rt Hon Stuart Andrew MP, Housing Minister, said:

“The major investment will revive London’s historic docklands to deliver vital new homes, create jobs and boost the local economy with new state-of-the-art facilities.

Our brownfield first approach is key to our levelling up mission – regenerating disused land in our towns and cities into places people are proud to call home.”

With the project expected to cost £3.2 billion, Homes England will be providing £233 million in loan funding to help with the upfront costs for infrastructure. This will include a new pedestrian and cycle bridge across Royal Victoria Dock, the restoration of Millennium Mills and the repair of the dock walls. The infrastructure loan from Homes England is funded through the Home Building Fund, which provides loans just like this one to “help unlock and accelerate land” that can be used for housing developments.

Chair of Homes England, Peter Freeman, said:

“Our commitment to the Silvertown project is another example of how we can work with the private sector to bring forward large, complex sites and help to transform them into places of the future.

The infrastructure funding will enable The Silvertown Partnership to create new communities in the heart of East London and bring swathes of derelict brownfield land back to life.”

Sadiq Khan, Mayor of London, added:

“I am delighted to see work getting underway at this landmark East London location that has vexed planners and politicians alike for the last 40 years.

The regeneration of this area is long overdue and I’m excited by the plans for Silvertown which respect its past whilst embracing East London’s vibrant and creative future.

Not only will this project create a vibrant new neighbourhood with 500 per cent genuinely affordable homes, but it will also create highly skilled jobs while supporting the regeneration of the Royal Docks as we build a better, fairer, and more sustainable city for everyone.”

Construction of the new homes will begin later this year, with the enabling works to prepare the site for the first phase of the plans having already started.

Developing an integrated, sustainable transport network for Nottingham

PSE June/July 22

Developing an integrated, sustainable transport network for Nottingham

Our June/July edition of PSE we bring you expert comment and analysis on a range of public sector topics, from digital transformation to health and social care and the workforce. Learn about how important ethics are in public service, or how Brighton and Hove City Council are focusing on travel and transport as we head towards a net zero world as well as so much more…


View all videos
PSE365 Cyber Security

Be A Part Of It!

PSE365: Public Sector Cyber Security Virtual Event | 14 July 2022

PSE has created a full calendar of events to address the most important issues that influence the delivery of public sector services. 

Over 365 days you’ll have the opportunity to hear from a range of highly motivating, informative and inspirational speakers. These speakers will equip you with knowledge and unique insight to enable you to overcome the challenges that you face.

Upcoming Webinar

Webinar: Driving sustainability & value through technology end-of-life

End-of-life is often overlooked yet is equally as important to a digital strategy, but what happens to end-of-life technology? What is the impact on the environment, net zero targets? What is the financial impact, is value for money for the taxpayer simply discarded and destroyed along with the technology?

Join us on 13 September between 2:00pm-2:45pm where we look to address the lifecycle of a digital strategy with a focus on end-of-life using examples, achieving efficiency, increased sustainability and delivering cost savings.

Guest Panellists:

Adam Turner, Head of Government and Public Sector Sustainable ICT and Digital, DEFRA
Ben Levin, Senior Manager, Technology Assesment and Criteria Development, Global Electronics Council
Fredrik Forslund, Vice President, Enterprise & Cloud Erasure Solutions, Blancco
Ben Tongue, Digital Net Zero Lead, NHS England

More articles...

View all