Following the transfer of £34 million of assets from the London Thames Gateway Corporation to the Greater London Authority, Local London Assembly member, John Biggs, has called on the Mayor to continue the regeneration project in East London and not sell the assets to raise funds.
Local London Assembly member, John Biggs said: “I am particularly concerned about the London Sustainable Industries Park at Dagenham Dock which is a development aimed at getting clean tech businesses to locate in east London with the potential for jobs and skills up lift.”
Clean tech businesses were forecast to contribute £41 billion to UK economy by 2016 and the recent INOVIS report detailed pretty impressive job growth figures.
In addition to these assets moving to the GLA, some other London Thames Gateway Corporation assets will be passed to the Mayoral Development Corporation (MDC).
Local London Assembly member, John Biggs said: “The responsibility for Lea River Park is being transferred and I am concerned that the lack of regeneration funding from central Government may mean that schemes like this are not delivered with assets being sold and not reinvested for the benefit of East London’s regeneration.”
“By extending a strand of the park down to the Thames, together with other steps I believe we can help to spread the benefits of the Olympic Park regeneration down towards the river Thames. This would have enormous potential benefit for East London and for my constituents.”
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Notes
- John Biggs is the London Assembly member for City and East, covering the boroughs of Tower Hamlets, Newham, Barking & Dagenham and the City of London.
- LTGDC asset transfer set to boost Mayor of London regeneration coffers - http://ltgdc.org.uk/ltgdc-news/ltgdc-asset-transfer-set-to-boost-mayor-of-london-regeneration-coffers-2/