MD1410 Silvertown Quays Enterprise Zone Capital Grant Funding Bid

Type of decision: 
Mayoral decision
Code: 
MD1410
Date signed: 
06 February 2015
Decision by: 
Boris Johnson MP (past staff), Mayor of London

Executive summary

London’s Royal Docks Enterprise Zone has been awarded £12m in capital grant by the Department for Communities and Local Government’s (DCLG) Building Foundations for Growth Enterprise Zones fund, towards the enhancement of Millennium Mills on the Silvertown Quays site.

The Greater London Authority (GLA)’s development partner for the Silvertown Quays site, The Silvertown Partnership (TSP), will deliver the works to Millennium Mills to achieve the expected outputs and outcomes as set out in a funding agreement between the GLA, GLA Land & Property Limited (GLAP) and TSP.

LEP has given its approval for the GLA, as the Accountable body on behalf of the LEP, to enter into a funding agreement with DCLG.

The grant must be drawn down by the GLA from DCLG on or before 31 March 2015.

Part 1: Non-confidential facts and advice