£1billion plan to move fish and meat markets from London to Dagenham

The City Corporation’s main decision-making board voted on November 29 to introduce a private member’s bill in Parliament to relocate the Billingsgate and Smithfield Wholesale Markets.

The City Corporation will invest around £1billion directly in Barking and Dagenham to regenerate 42 acres of industrial land into a modern wholesale food market.

The relocation of Smithfield Meat Market will also pave the way for the revitalization of the existing site near Farringdon Elizabeth Line station.

The center meat market was built in the 1860s and cost £200,000 to build

The site will host the new Museum of London and a cultural and commercial space.

The Canary Wharf land that will be unlocked by moving the fish market from Billingsgate could provide around 2,000 housing and other social infrastructure.

In 1982 Billingsgate Fish Market was moved to a new 13-acre building complex next to Canary Wharf

Chairman of the City Corporation’s Policy and Resources Committee, Chris Hayward, said: “Our investment in creating modern and environmentally friendly wholesale markets in Barking and Dagenham will boost the economy in the east of London, by supporting jobs, skills and training.

“The existing site of Smithfield Market is at the heart of our vision for Destination City, where the new Museum of London will introduce the rich culture and history of the capital to millions of visitors.

“Relocating our markets will help ease traffic flow and improve air quality in central London, while freeing up land in Billingsgate for new housing.”

The new Dagenham Dock market is expected to open between 2027 and 2028.

Dagenham Dock’s ‘giga market’ may also include New Spitalfields Fruit and Vegetable Market at a later date

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