Investment Opportunities
Opportunity Areas
Area of Intensification
Central activity Zone
International or metropolitan
Major
District
Borough Boundary
Green Belt
Metropolitan open land / Other open spaces
Rail station
Railway track
Foreshore
Water
2022 marks 10 years since the London Olympics and Paralympics. The Stratford Vision will provide an overarching spatial vision for the wider Stratford area, with a particular focus on the town centre. It connects the population of Newham to the Queen Elizabeth Olympic Park and is the major centre for services in the area, which includes Stratford High Street, Stratford Station, the existing Stratford Centre, Old Town Hall and office buildings such as Broadway, Jubilee and Bridge House). Stratford is home to much of Newham’s heritage and history, as well as being the place best suited to realising the opportunity for more diverse and exciting culture in our borough.
In 2020 the Council successfully bid for HM Treasury’s Local Infrastructure Rate loan funding for up to £7.25m based on a proposal to deliver three new footbridges, working alongside the London Borough of Tower Hamlets. The programme proposals have been inspired by Patrick Abercrombie’s 1944 London Plan vision of the River Lea as a ‘green wedge’ providing ‘every piece of land welded into a great regional reservation’.
A Levelling Up award of £2m has been made to Lochnagar Bridge, which will service key development sites of over 40,000 new homes and more than 280,000 sq m of commercial space in Newham and Tower Hamlets. A further £500,000 is secured for cultural interventions to the Leaway Path that will contribute to improved walking and cycling routes.
Work is underway in the regeneration of Custom House and Canning Town, in collaboration with local residents.
Custom House/Canning Town is one of the largest regeneration programmes in London, and has been running for over 15 years. The long-term aim is to provide thousands of new homes, and improve the heart of the neighbourhood at Freemasons Road in Custom House to provide great local facilities for residents.. The overall level of investment exceeds £1bn. Phase 1 has delivered 2,400 homes through development agreements with third party developers, with 37% affordable homes. Since May 2018 the Council has increased its focus on social rented housing, seeking to secure an increase in genuinely affordable housing through the regeneration in Custom House and Canning Town. We therefore aim to deliver 50% genuinely affordable homes (social-rented or London Affordable Rent) for the remainder of the programme. Working with local residents has been the central theme of the regeneration planning, and the learning from this experience will inform future co-design work. Work has started on the intital phases for Custom House with a resident ballot for Canning Town scheduled in 2024.
We are working closely with the GLA in the Royal Docks Enterprise zone. Enterprise Zones are a national government initiative to incentivise the creation of business hubs and attract foreign investment, Royal Docks is London’s only enterprise zone, and will establish the area as hub for enterprise, employment and culture, as well as a test-bed for technological innovation. This area, which is planned to deliver 35,000 jobs and 4,000 homes with more than £5 billion of inward investment by 2037/38 within the zone, is overseen by London Economic Action Partnership (LEAP), for which Mayor Rokhsana Fiaz is a board member.
The new DLR extension has the potential to create a new town centre in the south of the borough, with more affordable homes, improved community infrastructure, as well as opening up the riverfront to everyone. A tried and tested co-production model is how residents’ voices are being listened to and heard in all the important decisions made to shape the future of the borough. Newham residents have been invited to feed into proposed options which will help Newham and the project partners to move on to the next steps to make these plans a reality.
Newham’s long-term goal is to build fairer, more inclusive, and more resilient communities.
We are one of the fastest growing, young, and diverse boroughs in the country. We have over 351,000 people living in Newham. We are the third fastest growing borough in London. Over seven in ten residents are from Black, Asian, and ethnically diverse communities.
We are at the heart of a new inclusive economy. Our economy is becoming the place to work and invest. We are home to international districts like Royal Docks and Stratford. Stratford has also become the busiest station in the UK. These has helped us have the third highest rate of jobs growth in London.
We are commited to create the most fair, inclusive, green and resilient Newham and will do this working collaboratively with our residents, communities and partners.
Population projections 2021 360,061
Population projections 2050 508,097
London plan new homes (ten-year target) 38,500
Building council homes for Londoners (four-year programme) 1,000+
Dave Hughes, Director of Inclusive Economy and Housing
Dave.Hughes@newham.gov.uk
“Our community wealth bulding strategy is a pioneering and bold inclusive economic approach that aims to address poverty in the borough as well ensure that investment coming into Newham benefits all residents.
Underpinned by the principles of economic, social and environmental justice; so that long-term prosperity, wellbeing and fairness for all our residents in the Borough is achieved; and our response to the Climate Emergency is progressed.
As well as attracting growth and investment into the borough, we want to help unleash the potential of residents, businesses and the voluntary sector because they are the source of wealth and talent that will drive a fairer and more prosperous Newham.
Our strategy will help the Council tackle injustices residents face with an unrelenting focus on poverty in the Borough, as well as addressing racial and gendered disparities that exists. It will also be applying Community Wealth Building principals as a key mechanism for responding to the climate emergency we all face.”
STRATEGY
Our Community Wealth Building approach focuses on the pursuit of economic, social and environmental justice, so that long-term prosperity, wellbeing and fairness for all our residents in the borough is achieved and our response to the Climate Emergency is progressed. It is underpinned by the following principles:
Leading by example
A fair deal for Newham workers
Inclusive economy
