London’s Royal Docks once attracted trade and visitors from across the world. TODAY, they are alive with activity once again as a renewed sense of purpose is returning to the area.
The Royal Docks, in the London Borough of Newham, is embarking on an exciting new chapter. The area played a crucial role in the capital’s economy for more than a century from the mid-1800’s before falling into decline and closing in December 1981. Today the Royal Docks are home to about 11,000 people but thousands more travel into the area every day to enjoy the host of attractions, events and activities on offer - including major sporting tournaments, world-class exhibitions and events, and award-winning parks. The area’s unique water space – some 250 acres and four kilometres long, were once the largest enclosed docks in the world. Today they provide a spectacular backdrop to the area’s unique transformation.
Royal Docks Redevelopment
An ambitious £300m plan for the Royal Docks was recently approved by the Mayor of London and Mayor of Newham. The plan sets out a significant programme of investment (2018 – 2023) that will support the comprehensive redevelopment of the area into a global business powerhouse and a key part of the capital’s cultural life. It includes significant investment in transport infrastructure, the public realm, arts and culture, digital connectivity, business development and more. The investment will help to radically reshape the way that residents, business and visitors experience the area and accelerate the delivery of thousands of new jobs, homes and workspace over the next 20 years.
Important New Business and Creative Destination
The Royal Docks is already a successful business destination and remains a critical gateway for London. Excel, London City Airport, Tate and Lyle and the University of East London have all been doing business in the area for the many years. Today they are being joined by new creative, cultural and tech enterprises and entrepreneurs; bringing a new creative energy to the area.
The Royal Docks is also home to London’s only Enterprise Zone - an area designated by central government as a focus for economic growth and inward investment. The Enterprise Zone (EZ) status enables additional business rate income collected in the Royal Docks EZ to be reinvested locally in catalytic and transformative projects that will unlock the area’s regeneration. This presents a once in a lifetime opportunity to restore a sense of place and purpose to the Royal Docks; to revive it as a distinctive and enterprising location, recognised for its global reach and pioneering sustainable and inclusive growth for both Newham, London and the UK.