LEAP Funds the Regeneration of Thamesmead's Lakeside Centre

25 April 2017

The Local Economic Action Partnership (LEAP) along with Peabody will be funding the regeneration of Thamesmead’s Lakeside Centre, bringing a cultural a focal point into the development.

The development will see 40 new affordable creative workspaces helping to grow the area into a hub for SMEs from fashion to film-makers, bringing jobs and economic growth into the area.

There will be a flexible and welcoming space for people to meet, eat, relax, work and learn as well as an area to support production and training for brand new catering businesses run by social enterprise Greenwich Cooperative Development Agency (GCDA).

This project, which is expected to be completed by 2018, will be offering not only businesses but also the community as a whole a place to come together.

Additionally to the workspace, the Lakeside Centre site will include a day nursery, a gallery and project space, host a range of pop-up stalls and markets and include a wider partnership of events, schools programme, public art and affordable housing for cultural key workers.

Deputy Mayor for Planning, Regeneration and Skills, Jules Pipe, said: “I’m really pleased that plans for the Lakeside Centre are progressing at speed and that the Mayor’s London Regeneration Fund is helping to transform Thamesmead into a more vibrant destination for creative businesses and talent. Small businesses in London face real challenges in finding affordable workspace in which to grow and thrive: these sorts of spaces should be part of plans to build new homes and rejuvenate neighbourhoods in the future.”

The new space will be managed by Bow Arts, a charity with a long track record for delivering cultural programmes that engage local communities in east London.

The much-loved venue first opened its doors as a bar and restaurant in 1971 and was visited by the Queen and the Duke of Edinburgh in 1980.

A planning application for the scheme has been submitted to London Borough of Bexley, the outcome of which we should hear in is scheduled for summer 2017