Deputy Chris Hayward expressed confidence in continuing collaboration with Barking and Dagenham Council, stating, "We will now continue to work with the borough to bring forward uses which deliver regeneration and high-quality jobs for local people." This remark emphasizes ongoing partnership efforts to revitalize the Dagenham Dock site despite the setback of scrapped market relocation plans.
The City of London Corporation, after deciding to cease operations at Smithfield and Billingsgate Markets, indicated that traders would be supported during their transition to new locations, ensuring operations continue at the sites until at least 2028.
Cllr Dominic Twomey acknowledged the financial pressures affecting the project, stating, "While this is disappointing news, we understand the financial pressures that key investment projects are facing with soaring inflation in recent years," reflecting on the challenges of large-scale investment.
An earlier commitment to relocate markets to Dagenham promised nearly £1 billion in investment, calculating the creation of 2,700 new jobs and contributing around £14.5 billion to the UK economy by 2049, which further illustrates the potential impact of the initial plans.
#city-of-london-corporation #barking-and-dagenham-council #dagenham-dock #smithfield-market #billingsgate-market
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