Millennium Mills work begins as part of Silvertown regeneration

Builders have moved in for the first phase of the £3.5bn Silvertown regeneration scheme in east London. More than 6,000 new homes are planned for the next decade, while 10,000 new jobs are expected to be created. Homes England will provide £233m of infrastructure loan funding to help develop the neighbourhood, with projects including a new pedestrian and cycle bridge across Royal Victoria Dock, and a new link to Custom House Crossrail. The first homes are expected to be ready in 2024. Once the project is completed in the early 2030s, it will serve 13,000 residents. The Millennium Mills building will also be restored to create new business workspace, as well as an area for cultural and community events.  Built in 1933, the building is an east London landmark which has appeared in many film and TV shows after closing in 1981. Several failed attempts to bring the building back into use have been made over the last 40 years, for example as an aquarium or luxury flats. Mayor Sadiq Khan said he was pleased to finally see solutions to a location that has "vexed planners and politicians alike" for four decades. He said: "The regeneration of this area is long overdue and I’m excited by the plans for Silvertown which respect its past whilst embracing east London’s vibrant and creative future". 

BBC News (05/07/2022)   Property Week (05/07/2022)