Government Funding Announcement Adds Momentum to London Thames Gateway

With the regeneration of eight key areas in east London on its agenda, the Government is to invest £237 million into London Thames Gateway. Caroline Flint, Housing and Planning Minister, announced the funding as part of the London Thames Gateway Development Corporation's (LTGDC) action plan for the next three years.

The money will be spent on building 8,200 homes in eight key areas in east London: Canning Town, Lea River Park, Olympic Arc, Bromley-by-Bow, Barking Town, London Riverside Parklands, South Dagenham and Rainham Village. 

LTGDC funding will also be used on infrastructure improvements, such as new roads, pathways and bridges to connect previously isolated areas. This is great news for London Thames Gateway companies who will benefit from increased access to a route to market, a vast labour pool and suppliers.