Silvertowns Quays new lease of life

With a package of £300m being agreed to attempt to kickstart this major project in East London, this regeneration scheme will deliver 6,000 homes through the joint venture of Australian developer Landlease and Starwood Capital.

 Housing minister Stuart Andrew said the investment in the £3.5bn Silvertown scheme will “revive London’s historic docklands to deliver vital new homes”, and that this kind of regeneration was “key to our levelling up mission”.

The Investment by Homes England will include a £233m infrastructure loan to go towards a new pedestrian and cycle bridge, the restoration of the Millenium Mills building and the repair of the dock walls. A £80m housing grant has also been agreed to subsidise the delivery of affordable housing, in the first phase concluding of 1,500 homes. One of the housing associations selected is Guinness Partnerships, who will take on 720 homes in the first phase, the whole scheme providing 13,000 people with new homes and around 10,000 jobs over the next decade.

Catriona Simons, CEO at The Guinness Partnership said she was “delighted” to be working with The Silvertown Partnership on the development. “We look forward to being part of the area and its future,” she said.

Mayor of London, Sadiq Khan, said: “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.”