Home / Business and Economy / London Mayor Unveils £100m Housing Investment
London Mayor Unveils £100m Housing Investment
17 Jun
Summary
- Mayor Khan launches £100m investment for new housing.
- Project aims to deliver 7,000 homes in Royal Docks.
- Singapore's housing model inspires the new development approach.
Mayor of London Sadiq Khan is investing £100 million to support the delivery of 7,000 new homes in East London's Royal Docks.
This substantial investment from the Greater London Authority (GLA) is part of Khan's strategy to directly engage in housing development, moving beyond traditional funding roles. The project at Silvertown, a regeneration site with a long history of stalled development, is inspired by Singapore's state-involved housing sector.
Construction is anticipated to begin by 2028, with around 1,000 homes expected to be underway. The masterplan, approved by Newham Council, allocates 1,800 of the 7,000 homes as affordable. Connectivity improvements, including a new pedestrian and cycle bridge, are also planned.
The City Hall Developer programme, which this initiative is part of, is supported by nearly £2 billion in government funding through grants and low-interest loans for housing associations.
