The iconic former flour mill at the heart of London’s Royal Docks will be transformed into a vibrant centre for business and enterprise with £12 million funding provided by the government.
The Millennium Mills site has been out of use since the early 1980s however, work has now begun to demolish parts of the interiors and rid the building of asbestos contamination. The 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 £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 £260 million each year to the London economy.
This is the latest in a string of exciting investments at London’s enterprise zone, including plans to create the UK’s largest floating village at Royal Victoria Dock and the ABP business port at Royal Albert Dock. Read more