The LDDC was wound up between 1997 and 1998.
Aimed to encourage private sector investment in regenerating East London.
Regeneration means to renew or impart new life.
Docks closed by 1981 because they were too small for modern container ships, which used Tilbury and Felixstowe.
High unemployment, especially among former dockers.
Poor housing standards, many owned by local authorities like Tower Hamlets, Southwark, and Newham.
Derelict land from World War II bomb damage (1939–45).
Land contamination from former industries.
Inadequate transport network.
Lack of recreation and green areas.
Government established an Urban Development Corporation (UDC), the LDDC.
LDDC had total control over 2,226 ha (8.5 square miles).
Powers to make rapid planning decisions without consulting local councils.
Much of the area became an Enterprise Zone, offering government grants and tax relief.
Growth in tertiary sector jobs.
Financial institutions, legal companies, oil companies, news companies, and medical/pharmaceutical companies moved into Docklands.
Clustering of functions is evident.
Jobs created in retailing to serve office workers.
Around 80,000 people are now employed in the Canary Wharf complex.
In 1981, 83% of homes in the London Docklands were council owned.
In 1998, 45% of homes were owner-occupied, and the rest were rented or under shared ownership.
Refurbishment of local authority housing, such as the Barley Mow Estate in Limehouse, cost £10.5 million, funded jointly by the LDDC, Tower Hamlets Council, and the Government’s Estates Action Programme.
Old warehouses have been converted.
High property prices reflecting demand.
New, affordable housing constructed in some areas, such as south of the Dome on the Greenwich peninsula.
Tower Hamlets attracted government, European, and private sector funding to build new homes.
One criticism of the LDDC was the inadequate development of transport links.
New roads have been built, such as the 1.8 km Limehouse Link opened in 1993 to relieve congestion on the A13.
Road traffic is concentrated on the outer edge of the Canary Wharf complex.
The Docklands Light Railway (DLR) is a computerised, driverless train service linking the Isle of Dogs with the City.
In December 2005, an extension from Canning Town to North Woolwich costing £140 million was opened.
The Jubilee Line tube extension to Stratford was opened for the millennium, running between Stratford and Stanmore.
London City Airport opened in November 1987 with a single runway, accommodating small passenger aircraft to nearby European cities.
Passenger numbers reached 1.9 million in 2005 and could reach 8 million by 2030, creating over 4,000 jobs.
Mature trees planted in open spaces.
Green, public open spaces, such as Jubilee Park.
Bicycle parks provided.
Facilities for water sports at the Royal Victoria Docks Water Sports Centre.
The ExCeL exhibition centre hosts events.
The London Docklands is thriving.
Development theories involving growth poles and the multiplier effect can be applied, where success feeds success (Figure 6).
Future economic growth may depend on:
A buoyant national economy and political stability.
Demand by international companies for prestigious sites in London.
Continuing demand for homes and jobs in south-east England.
Developing infrastructure, such as the Eurostar rail link into King’s Cross and Cross Rail.
The success of the bid to host the 2012 Olympics Games in the lower Lea valley at Stratford.