The City of London Corporation has halted plans to move Smithfield and Billingsgate markets to Dagenham, citing a review for financial sustainability and next steps.
Chair of Policy and Resources Deputy Chris Hayward highlighted the potential of relocating the markets to improve traffic flow, air quality, and offer new housing opportunities.
The Corporation has indicated that the planned relocation could create 2,700 new jobs in Barking and Dagenham and bring significant economic benefits to the UK.
Despite the initial plans, the City’s Full Council confirmed the cessation of the Dagenham option, leading to a need for exploring alternative strategies moving forward.
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