London Docklands

• The London Docklands became derelict due to containerisation , this meant that there was a loss of jobs in the area, particularly the men that worked in the shipping industry
• Between 1970 and 1980 there was 30,000 jobs lost, with in 1981 50% of the Docklands being derelict (1000 hectares)
• Unemployment levels were at 21%, with males at 24%, which was twice the national average.
• There was inadequate transport links by both road and rail meaning that people didn’t invest in the area as it couldn't be accessed easily.
• The docklands now contains some the world biggest banks including HSBC, Barclays and Merrill Lynch Bank of America
• There is now 14 million square feet of office and retail space. Many buildings include a canteen, gym, etc which helps businesses attract staff
• In 2000 only 28,000 people worked there compared to 105,000 people now working there.
• Canary Wharf has created over £6 billion worth of investment since its construction.
• It also generates around £1.5 billion per year in business rates and taxes.
• London Dockland Development Corporation - attracted investment into the area e.g. HSBC. Physically regenerated the city to have a new image (reimaging). Improved the community e.g. living conditions and prospects
• By 1988, 600 hectares of land were reclaimed. Parks and riverside paths were developed, with old houses made to look better. £300 million was spent on improving utilities
• The Docklands Light Railway (DLR) opened in 1987, costing £73 million. It operates a full time service from Canary Wharf to Lewisham.
• London City Airport opened in 1987 situated in the Royal Docks. It handles 4.3 million passengers a year, from 188,000 when it opened in 1987.
• 50,000 new homes have been built since 1981 with 8,000 local authority homes being improved.
• £20 million was spent on environmental and community projects e.g. local parks and gardens
• The building of the Silvertown Urban Village which is situated in the Royal Docks containing 9,000 new homes
• The Key Players:

  • London Dockland Development Corporation
  • Central Government
  • Transport for London
  • Cross Rail