Boroughs | Southwark

• Southwark rivals the City, both as one of the most ancient and historic parts of London but also as one of the fastest developing centres of commerce.
• More than 300,000 people live in Southwark and just under 330,000 work here.
• Southwark is building thousands of new council homes more than any other borough.
• We have 3,333 homes, built or under construction in OKRD with 51% affordable and 1,825 homes currently in site making this the busiest opportunity area in London.
• At Canada Water we have 1,165 homes built or under construction with 46% being affordable and 561 homes currently on site.
• At Elephant and Castle we, TfL and Delancey have invested over £20m in the new northern line /bakerloo line station which is being constructed at the moment and will form the first new station on the Bakerloo Line Extension to Lewisham.
• BLE the plan is to continue developing the Transport and Works Act Order for a submsion in  2028, with a start of construction in 2030 and the opening of the BLE in 2038.
• As a precursor new rolling stock for the existing Bakerloo Line is planned to be purchased in 2027 at a cost of £270m.

regen.info@southwark.gov.uk

“The COVID-19 pandemic shone a harsh light on the inequalities and injustice that exist throughout our society. Our recovery, in the years to come, will be rooted in tackling these inequalities and creating an even stronger local economy than we had before. Our approach to development is centred on people, livelihoods, wellbeing and opportunities rather than on bricks and mortar or glass and steel and we want to ensure that redevelopment in Southwark delivers for all of our communities. We want to create a borough where everyone has a home they can afford, where everyone can get a good job, where we end our carbon emissions and where everyone is empowered to make the most of their life. To bounce back from COVID-19 we’ll be building on our many strengths like our world leading health and care institutions and cultural industries, our leading cluster of green start-ups and our place as a key hub for London’s construction industries. The groundwork that we’ve laid over the past decade — especially in our opportunity areas, including Canada Water and Old Kent Road — have put Southwark in a much stronger position than most.”

• A jobs first economic renewal: making sure the local employment support offer meets the needs of residents and employers, particularly those furthest from the labour market.
• Young people: focus on support for young people to navigate the challenges of the post pandemic labour market. This will include access to information and guidance, education, training and employment support.
• Inclusive business growth: continue support for businesses to deal with the immediate impact of the crisis and plan for a comprehensive programme of assistance to support inclusive business growth. We will support business to ‘think apprenticeships’, and work with partners to shape the role of  apprenticeships and internships in recovery.
• Highstreets and town centres: keep the borough’s high streets and town centres safe for all. We will support and work with business networks to determine the best way to work in partnership to support high streets; reimagining these spaces so that they balance health and wellbeing, transport, leisure, and business.
• Green new deal: use renewal as an opportunity to root its climate change commitments in the local economy and business growth. This will include supporting a green new deal that creates jobs, cuts emissions and generates a new wave of profitable environmental innovation.