Significant new infrastructure will be built including utilities, green landscaping, on-site highways, bridges and other transport links, helping to support the Greater London Authority (GLA)’s Good Growth agenda and the government’s commitment to support local communities and public services through well-designed homes in thriving places.

The projects comprise of one in Twelvetrees Park, Newham, Beckton Riverside, Newham, and Bermondsey Place, Southwark.

Twelvetrees Park is being transformed into a mixed-use neighbourhood including close to 4,000 homes — of which 40% will be affordable — a secondary school, park, playground and 177,000 sq ft of commercial space.

The funding will support the second of four phases to regenerate the former depot and coach park.

Bermondsey Place will enable nearly 1,400 homes — 40% of which will be affordable — to be created across a 5.4-acre former light industrial site, alongside a network of public parks, playgrounds, commercial spaces, footpaths, and a one-acre civic square.

Funding will bring together several parcels of owned land to ignite progress.

•   The Finance Professional Show 2023: The Video
•   Two-fifths of property professionals want increased government support for brownfield development
•   Government pledges extra £3bn to Affordable Homes Guarantee Scheme

Beckton Riverside will be home to up to 2,800 private and affordable homes, subject to planning consents, created under the first phase of delivery across a larger site of 28 acres.

Following planning consent, the funding will expedite vital infrastructure works on the former gasworks.

Peter Denton, CEO at Homes England, said: “Partnerships between organisations, alongside an unwavering will to drive positive change for communities, are essential if we are to create well-designed homes in regenerated places for people to live, work and grow.

“By pooling expertise and resource through collaborative partnerships we can break down the barriers that are stopping brownfield sites like these from coming back to life with a new, sustainable purpose, ultimately creating better places, more affordable places, where all of a community can live and thrive.”

Rob Perrins, CEO at Berkeley Group, said: “We are delighted to be working with the GLA, Homes England and the London Boroughs of Newham and Southwark to bring forward much needed private and affordable homes on brownfield land.

“This is an important step towards accelerating delivery on these complex sites and we’re very proud to be part of this innovative partnership.”