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Smithfield and Billingsgate Markets Could Move to Royal Docks

The move aims to protect jobs and regional food supply, generating £750 million in local spending and creating over 2,200 jobs, the City of London Corporation said.

  • A preferred site at Albert Island was chosen by market traders following discussions with the City of London Corporation and the GLA, with Smithfield Market and Billingsgate Market expected to relocate in 2028.
  • Following the collapse of the Dagenham scheme last year due to spiralling costs, the City of London Corporation sought alternatives as Smithfield Market's City site is planned for cultural uses and Billingsgate Market's Poplar site is earmarked for housing.
  • Estimates show about 750m in local spending from the Royal Docks development, with over 2,200 jobs and a 130 million boost to Newham's economy, including a new onsite food school.
  • Funding conversations will start with potential delivery partners, with market traders or a private developer expected to finance the move, which requires an Act of Parliament and Newham Borough Council planning permission.
  • Redeveloping the vacated market sites is projected to deliver billions in growth and thousands of homes, while the new London Museum is planned for Smithfield Market’s site, which has over 900 years of history.
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BBC News broke the news in United Kingdom on Wednesday, December 3, 2025.
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