Mayor and L&Q to invest £500m in Barking Riverside

20 February 2018

Barking Riverside, one of the UK’s largest regeneration projects, is to receive an injection of £500 million for transport links, parkland and other community facilities, alongside almost 11,000 homes.

The landmark investment has been agreed by the Mayor of London Sadiq Khan and L&Q, one of the UK’s leading housing associations and developers, who formed a partnership – Barking Riverside Limited – to deliver the masterplan for the scheme.

As well as almost 11,000 new homes, half of which will be affordable housing, funding has also been secured for:

  • A new TfL Overground station connecting to central London in 22 minutes
  • Land for seven schools including five primaries, one secondary, and one for special educational needs
  • A new centre with 65,000 square metres of commercial, retail and leisure space
  • A 2 km riverside walkway, an ecology centre and new country park space
  • A combined health care and leisure facility
  • A cycling hub
  • Two local retail and dining hubs Employment, skills and training that will ensure locals benefit from the opportunities created by the scheme.

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