The City of London Corporation has deposited a Private Bill in Parliament to mark the next milestone in a major regeneration project designed by Chetwoods which will bring thousands of jobs to Barking and Dagenham.
Subject to Parliamentary consent, London’s historic markets – Billingsgate and Smithfield – will be relocated to a purpose-built site in Dagenham Dock. The City Corporation plans to invest nearly one billion pounds directly into Barking and Dagenham to regenerate 42 acres of industrial land into modern, sustainable food markets, stimulating the local economy and ensuring resilience in the food supply of London and the southeast.
The new markets will bring an estimated 2,700 new jobs to Barking and Dagenham and support 7,850 jobs across the UK – an increase of 1,140 (or 17%) on the jobs supported by Billingsgate and Smithfield currently.
Philip Stanway, Director at Chetwoods says “We are pleased that the plans to relocate London’s historic wholesale markets to a single combined site in Dagenham have been deposited in Parliament. Subject to Parliamentary consent, the scheme is expected to open between 2027 and 2028.”
“I’m delighted we’ve reached this next milestone for the relocation of the world-famous wholesale markets to the borough. London is moving east, delivering huge opportunities, like this, for new jobs and hundreds of millions of pounds of investment into the local economy.” Darren Rodwell, Leader of Barking and Dagenham Council.
“Our investment in delivering modern, environmentally-sustainable wholesale markets in Barking and Dagenham will boost the economy across east London, supporting jobs, skills and training.” Chris Hayward, Chairman of the City Corporation’s Policy and Resources Committee.
To find out more, visit the City of London website.
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