Funding approved for Royal Docks regeneration
The Royal Docks has reached a significant milestone as plans to transform the area were today (June 27 2018) approved by the board for the Local Economic Action Partnership (LEAP).
The planned investment, to be carried out over five years from 2018/19, will support the comprehensive regeneration of the Royal Docks over the next five years – reviving it as a distinctive location for business and culture that nurtures highly skilled and highly productive jobs for Newham residents and Londoners.
Under the new plans, an integrated package of investment in transport infrastructure, connectivity, economic development, placemaking, creative programming, promotion and estate management have been proposed to help deliver the transformation of the area.
Key projects in the plans include:
- Creating an attractive waterside residential, leisure and business district for the borough of Newham and for London as a whole;
- Enhancing the public realm and creating high-quality spaces, ensuring the landscape reflects the area’s industrial heritage and accommodates both cultural and business uses;
- Significantly improving transport and digital connectivity for residents and businesses;
- Increasing the provision of affordable workspace by investing in underused sites and supporting the development and retention of SMEs (focussing on creative, cultural and tech companies);
- Developing an ambitious employment and skills programme to train local people and ensure a pipeline of skilled local staff for new and existing Royal Docks businesses;
- Developing an ambitious cultural programme to complement the economic transformation of the area and boost the number of visitors;
- Engaging the local community and businesses in and around the Royal Docks to ensure they have a stake in the area’s regeneration;
- Promoting the Royal Dock as destination which attracts talent, visitors and inward investment from around the world.
Further details on the plan will be published soon.