Newham Council add another £7.4m into funds to regenerate Canning Town and Custom House
PUBLISHED: 18:22 16 June 2017 | UPDATED: 18:22 16 June 2017
¬© Marcus Lyon
An additional £7.4 million has been been pledged by Newham Council to fast track a major housing development programme in the borough.
A total £111m, including the £7.4m, has been committed over five years to “accelerate” the delivery of approximately 5,000 new homes on council-led sites as part of the Canning Town and Custom House regeneration.
It will enable the council to consult affected tenants, leaseholders and freeholders living in areas marked for redevelopment about possible future accommodation choices.
Public realm improvements, better health and education facilities, a council-led planning application and project team costs will also be covered.
The funds follow an initial consultation last year in which residents signalled they wanted plans to move ahead more quickly.
Sir Robin Wales, mayor of Newham, said: “This funding, will allow us to work with council tenants to find new homes and to buy all residents’ properties in the next phases, and in future phases where they want to move early. The sooner we get started, the better for residents.”
Cllr Ken Clark, cabinet member for regeneration and planning, added: “We have made considerable progress in the regeneration at Canning Town with 1,200 homes built, and a further 1,200 under construction.
“But there is still a long way to go. We think that there are another 8,500 homes and 7,000 jobs to be delivered across Canning Town and Custom House over the next 15 years or so, many of them on sites owned by the council.”
Under the Cabinet-approved decision, Newham Council has pledged that it will “deliver no net loss of social rented housing and a significant increase in the numbers of other forms of affordable housing across the regeneration area”.
The £3.7 billion Canning Town and Custom House regeneration will see thousands of residential units created to form a new town centre aimed at significantly improving the economic, social and environmental benefits for locals.
Later phases will bring more than 1,100 housing units, 30,000 square metres of leisure and retail space and more than 3,000 square metres of space for community facilities to the area, as well as a health centre, pedestrianised links and cycling provision.