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£237m earmarked for Gateway

The Government has approved a plan to spend £237 million over the next three years on housing, infrastructure, and community facilities in the Thames Gateway area of east London.

The London Thames Gateway Development Corporation (LTGDC) will focus on eight key areas; Canning Town, Lea River Park, Olympic Arc, Bromley-by-Bow, and the London Riverside areas of Barking Town, London Riverside Parklands, South Dagenham and Rainham Village.

The plan proposes the building of more than 30,000 new homes, including 6,300 new homes in Barking, 3,900 new homes in Canning Town, and 3,100 new homes in Stratford Centre and Hackney Wick.

The £273m funding is made up of £120m from Department of Communities and Local Government and £117m predicted investment from the sale of LTGDC land assets.