Newham

Mayor approves major new investment to accelerate Canning Town and Custom House regeneration

19 June 2017 in Regeneration
The regeneration of Canning Town and Custom House is another step closer after the Mayor of Newham approved a significant investment which will help fast track plans.
The face of Canning Town has been changing since 2010 with three new neighbourhoods along Barking Road and Fife Road. These have provided 1,200 new homes and a further 1,200 are under way, as well as new shops, improved transport connections, better streets, enhanced parks, a redeveloped primary school and a new library.

Last year Sir Robin Wales and Cabinet approved an initial £5.5million funding for the council’s regeneration team to begin consulting with residents about regeneration plans in the Custom House area and buying properties from homeowners.

The consultation at the end of last year resulted in positive feedback from residents, with many keen for  the regeneration to move forward more quickly. As a result on Thursday 15 June 2017, the Mayor and Cabinet scaled up the investment across Custom House and committed to bring forward regeneration in the remaining Canning Town sites. More than £100m has been committed over the next five years.

This funding will provide more certainty for existing residents in the regeneration area, enabling them to move to a new home more quickly as well as fast tracking the council’s plans for around 5,000 new, high quality homes, better shops, streets, squares and parks alongside bolstered bus services and health facilities. There will be no net loss of social housing across the area.

“We know that residents have been frustrated that it has taken so long for the regeneration to get started, especially in Custom House,” said Sir Robin, “however we’ve never lost sight of our ambition for whole area.

“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.”

The council is committed to protecting the rights of everyone affected by the regeneration and has agreed two charters, one for residents and one for retailers at Freemasons Road. These charters ensure that residents and businesses are supported through the regeneration programme to find alternative homes and premises and sets out the compensation that they are able to receive. Council tenants also have the right to return to the area once work is complete.

The council will be speeding up the regeneration process by drafting its own planning application, which if approved, will allow the council and its development partners to get on site more quickly– potentially speeding up the process by two years.

Later in the year the Mayor and Cabinet will consider details of the preferred approach for seeking one or more partners to work with to fund and deliver the new regeneration schemes. A key aim of this joint venture will be to ensure the council delivers its key regeneration commitments and continually benefits financially in order to fund vital frontline council services in the future.