If approved by the London Legacy Development Corporation (LLDC) planning authority, the project will deliver 2,152 new homes — 50% of which will be available for social rent — on a 23-acre site owned by Newham Council.

In addition, 44% of the existing homes on the estate (314 properties) will be refurbished to high green economy standards.

The masterplan also includes new buildings for the Building Crafts College, improvements to the Carpenters Primary School and focus on improved access into Stratford Station and the Olympic Park.

Two existing tower blocks, James Riley Point and Lund Point will be retained and refurbished to high standards of sustainability.

The project is designed to have a large neighbourhood park in the centre, surrounded by lower-rise apartment buildings, houses and maisonettes served by mews streets and communal courtyards.

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Taller mixed-use buildings with commercial and community uses on the ground floor and apartments above will sit at the site’s outer edges.

Phase one of the Carpenters Estate restoration and regeneration programme has already commenced, after receiving planning permission to refurbish the James Riley Point block in May 2022, which will see the first 136 homes completed by early 2025.

Newham’s mayor Rokhsana Fiaz said: “After decades of waiting and being left behind, residents can finally take comfort that they have a council which is forging ahead to deliver on the promises I made to deliver much-needed homes they can afford.

“We are making substantial progress with the Carpenters Estate restoration and regeneration programme, and submitting the outline masterplan is a demonstration of our commitment to transforming the estate into a vibrant community and neighbourhood instead of a ghost town languishing because of historical neglect.

“With £1bn of investment in the Carpenters Estate, we are showing the scale of my administration’s ambition for our residents."