Mayor unveils £1.1bn vision for East Bank

05 June 2018

The Mayor of London, Sadiq Khan, today set out his £1.1bn vision for East Bank at Queen Elizabeth Olympic Park – a new powerhouse of culture, education, innovation and growth, and welcomed a £151m contribution now secured by the Government.

 

Sadiq unveiled new plans and building designs for Sadler’s Wells, London College of Fashion (part of University of the Arts London) and the V&A including a partnership with the Smithsonian Institution, across Stratford Waterfront.

 

He revealed that the BBC will join the list of prestigious institutions that make up the area, to create a new home for the world-renowned BBC Symphony Orchestra & Chorus and BBC Singers, with a substantial presence from the BBC Concert Orchestra as well as state-of-the-art recording facilities to host recording sessions and live performances across all genres from global stars to emerging talent. The BBC will also bring the Proms to the area, with both performances and opportunities for young people from east London to participate in choirs and ensembles.

 

The Mayor also announced that at least 50 per cent of new homes across the remaining development sites on the Park – Stratford Waterfront, Pudding Mill and Rick Roberts Way - will be affordable, in line with the Mayor’s commitment that all sites he disposes of will be at least 50 per cent affordable.

 

East Bank will also be home to a new site for UCL (University College London), creating a new and pioneering campus, UCL East.

 

East Bank will be spread across three sites – UCL East (UCL’s new campus), Stratford Waterfront (BBC, the V&A including a partnership with the Smithsonian Institution, Sadler’s Wells and UAL’s London College of Fashion) and Here East (the V&A's new Collection and Research Centre, and an existing space for UCL).

 

The scheme, which is receiving £385m from the Mayor, will provide skills and jobs for local people, bring over 10,000 students to the site, and attract thousands of visitors from London and beyond. Inspired by the success of the South Bank in transforming a location through world class art and learning opportunities, East Bank will help to cement the capital’s reputation as a world leader in culture, education and innovation.

 

The building designs unveiled today for Stratford Waterfront have been completely redesigned by architects Allies and Morrison, O’Donnell + Tuomey, and Camps Felip Arquitecturia following detailed public consultation, to develop a brand-new masterplan for the site including a V&A museum design inspired in part by the work of the fashion designer Balenciaga. Public consultation on the new masterplan continues from Saturday 9 June.

 

East Bank will build on the area’s existing creative credentials, and East Bank partners have been building relationships and delivering projects with the thriving arts, fashion and community organisations based in the area, including the artistic community in Hackney Wick, East London Dance, Theatre Royal Stratford East, Studio Wayne McGregor and many more.

 

UAL’s London College of Fashion is leading on the development of a Fashion District, a hub for fashion innovation in East London, which will launch in the Autumn and partners have also been working with local schools to develop an East Education strategy to raise awareness, aspiration and attainment amongst young east Londoners.

 

As part of this ongoing programme of work, the partners will also host Open Doors: Vote 100 at Here East on 22 July, a day of free entertainment for the local community and the first event jointly devised by all partners.

 

The Mayor of London, Sadiq Khan, said: “Great cities are defined by their ambition as much as their achievements - East Bank is the most ambitious new project of its kind for decades. I have made culture, innovation and growth a top priority, and as London’s centre of gravity extends east, I’m delighted that we’re placing culture and education at the heart of this development and the Olympic legacy.

 

“My vision for East Bank is one where everyone, regardless of their background, can access world-class culture and education on their doorstep. East Bank is a fantastic collaboration of inter-disciplinary work and world-class institutions that will drive forward growth and inspire more young Londoners to take up creative careers, transforming the communities of east London.”

 

The Ministry of Housing, Communities and Local Government today confirmed £151million has been secured to deliver East Bank, creating 2,500 jobs, £1.5 billion of economic benefit and 600 new homes.

 

Communities Secretary, Rt Hon James Brokenshire MP, said: “I am delighted to confirm the Government’s financial support for this exciting project. Building on the 2012 Olympic and Paralympic legacy, this ambitious scheme will create an exciting new cultural hub in East London. East Bank is also about creating new opportunities and innovation to drive greater prosperity for this area and help change lives. Through this multi-million pound contribution Government is helping to bring these exceptional institutions and thousands of jobs to the area. It will deliver a huge boost to the local economy and a renewed vision for East London.”

 

Sir Peter Hendy CBE, Chair of LLDC, said: “Today’s East Bank announcement will result in the vision and ambition of all the partners brought to life in the years to come creating jobs and opportunities for local people. The partners are already collaborating on projects and building lasting links with the huge pool of talent that exists in the local community. My thanks go to everyone involved whose efforts and endeavours will deliver so much in the future.”

 

Justine Simons OBE, Deputy Mayor for Culture and Creative Industries, said: “East Bank represents the most significant single investment in London’s culture since the legacy of the 1851 Great Exhibition, and will shape the cultural life of the city for the 21st century and beyond. Today’s announcement is a major step forward in realising one of the most ambitious culture projects the capital has ever seen.” 

 

East Bank is supported by the City of London with £1m to begin delivering activity in east London over the next five years; the project is also supported on a pro-bono basis by Bloomberg Philanthropies.

Notes to editors

Notes to Editors

  • For images, please visit: https://we.tl/H8RAs0PCUP
  • The Ministry of Housing, Communities and Local Government first committed to funding the Queen Elizabeth Olympic Park’s East Bank development in 2015, and today announced that the Final Business Case for £151million of Government funding has been confirmed (subject to conditions).
  • The next stage of public consultation on the new masterplan for the Stratford Waterfront will open on 9 June. For more information, please visit: https://stratfordwaterfront.commonplace.is/
  • The updated designs include a new museum for the V&A at Stratford Waterfront, inspired in part by the work of influential Spanish couturier Cristóbal Balenciaga. Celebrated in a major V&A exhibition in 2017, the designer’s tailoring provided a sculpture sense of space between the body and the enclosing fabric. As with Balenciaga’s creations, the outer skin of the new building will act as a three-dimensional ‘folded dress’, lending the museum a distinctive form and striking identity.
  • The Government is investing £50m in the V&A’s Collection & Research Centre at Here East as part of the relocation of national collections from Blythe House, Olympia to new and accessible locations. Here East and the Stratford Waterfront Museum will work together to deliver the V&A’s ambitions for the public across East Bank.
  • The BBC will include Queen Elizabeth Park and East Side in its plans for the Proms –both in terms of Proms performances taking place there and giving the young people of east London the chance to be part of the Proms Youth Choir and other youth ensembles, to produce a lasting legacy of engagement.  Family related activity and other participation opportunities will also be developed.
  • Please see quotes from East Bank partners, BBC, Sadler’s Wells, V&A, Smithsonian Institution, UCL and UAL’s London College of Fashion, below.
  • For more information about ongoing community projects including supportive quotes from participants, please see below.
  • East Bank partners will host a day of fun and free entertainment at Here East on 22 July. Celebrating 100 years of women’s suffrage with performances, talks and activities, Open Doors: Vote 100 will be the first event jointly devised by all East Bank partners.
  • For information about the BBC, visit: www.bbc.co.uk
  • For information about the V&A, visit: www.vam.ac.uk/
  • For information about the Smithsonian Institution, visit: www.si.edu/
  • For information about the University of the Arts London (UAL), visit: www.arts.ac.uk/
  • For information about the London College of Fashion, visit: www.arts.ac.uk/fashion/
  • For information about the UCL (University College London), visit: www.ucl.ac.uk/
  • For information about Sadler’s Wells, visit: www.sadlerswells.com