Sir Sadiq Khan was urged to safeguard London's vital community assets from being driven out by regeneration schemes affecting markets and railway arches. A report from the London Assembly emphasized the need for regeneration to enhance the city's social fabric rather than harm it. While city officials recognize the importance of social value, the report highlighted ongoing threats to markets and businesses, often leading to eviction or disruption, particularly harming low-income and marginalized communities. The committee concluded that social value is often overlooked in redevelopment processes.
The committee acknowledged that social value means different things to different people, but it is essential to protect community assets during regeneration projects to avoid loss.
Despite growing awareness of social value, numerous markets and businesses still face eviction and disruption due to regeneration projects, causing damage to communities.
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