Ambitious plans by the Mayor of London, Sadiq Khan, and Mayor of Newham, Rokhsana Fiaz, for the £314 million regeneration of the Royal Docks in east London over the next five years have been given the green light.
The Royal Docks has the potential to generate 35,000 jobs, 4,000 new homes and attract more than £5 billion in inward investment by 2037/38. It is London’s only Enterprise Zone – a designated area where employers can access business rate relief and other financial support.
The detailed delivery plan for the 112-hectare Royal Docks Enterprise Zone was signed off by the board of the London Economic Action Partnership (LEAP) yesterday (28 June), which – as London’s Local Enterprise Partnership (LEP) – is responsible for allocating funding raised through the Enterprise Zone.
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