£1bn plan to move Billingsgate and Smithfield east

The City of London Corporation has approved plans to proceed with a £1bn regeneration plan to move London’s historic wholesale markets to a purpose-built site in Dagenham Dock.

The City of London Corporation said that it was ready to spend nearly £1bn to regenerate 42 acres of industrial land in Dagenham into a wholesale food market, to replace both the Billingsgate fish market and the Smithfield meat market. Smithfield has been in Farringdon in the City for nearly 150 years while Billingsgate moved from the City to Canary Wharf in 1982.