皇冠体育app

An iconic former flour mill at the heart of London鈥檚 Royal Docks will be transformed into a vibrant centre for business and enterprise thanks to 拢12 million of government funding, Local Growth Minister Penny Mordaunt announced today (21 January 2015).

皇冠体育app Millennium Mills site has been out of use since the early 1980s but work has now begun to demolish parts of the interiors and rid the building of asbestos contamination.

皇冠体育app funding will fast track its renovation by 5 years and make it ready to welcome the next generation of start-up businesses by 2017.

Redevelopment of the 450,000 sq ft land-mark forms the centrepiece of a wider 拢3.5 billion project to transform the Silvertown Quays part of the Royal Docks from the industrial to the digital age delivering 5 million sq ft of business and retail space, more than 20,000 new jobs, 3,000 new homes and contributing 拢260 million each year to the London economy.

It is the latest in a string of exciting investments at London鈥檚 enterprise zone, including plans to create the UK鈥檚 largest floating village at Royal Victoria Dock and the ABP business port at Royal Albert Dock.

皇冠体育app Local Growth Minister visited the site today with London鈥檚 Deputy Mayor for housing and Land, Richard Blakeway, to see how work was progressing.

She said:

It鈥檚 great to see work starting on Millennium Mills at London鈥檚 enterprise zone. This iconic building, once a symbol of decline, will be the centrepiece of a thriving new business district that will create thousands of new jobs and bring prosperity back to the docks. That鈥檚 why we are investing 拢12 million to kick-start this project. It鈥檚 all part of a long-term economic plan that is driving business forward and delivering real benefits to hard-working people.

皇冠体育app 62-acre Silvertown Quays site is proposed to become the world鈥檚 first cluster of purpose built centres for product innovation, where top brands will be able to showcase their latest products and interact with customers in an entirely new way. 皇冠体育app historic waterfront will be opened up with cafes, restaurants, galleries and public spaces, where people can come to research, learn and discover new products and ideas. It will be a thriving new destination expected to attract around 13 million visitors each year.

皇冠体育app 拢12 million funding has granted through the government鈥檚 鈥楤uilding Foundations for Growth鈥� enterprise zones capital grant fund.