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£233m infrastructure loan to begin Royal Docks regeneration – Show House

£233m infrastructure loan to begin Royal Docks regeneration

Homes England has agreed to release a £233m infrastructure loan which will kickstart the £3.5bn regeneration of the Silvertown Royal Docks site in East London. The land in Newham has been derelict for the last 40 years, and builders have now begun work on the first phase of the regeneration.

This is a joint venture between Lendlease and Starwood Capital, with ambitious plans to build 6,000 new homes and support the creation of 1.8m sq.ft. of business workspace and cultural and community buildings in a new town centre for the Royal Docks.

Peter Freeman, chair of Homes England, says: “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 the places of the future. This 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.”

This loan will help to provide a new pedestrian and cycle bridge across Royal Victoria Dock, which will link the site to Custom House, the restoration of the iconic Millennium Mills and the repair of the dock walls themselves. This will also mean that local people will have access to the water at the Royal Docks via new bridges, wider canal walkways and jetties.

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