A public funding package of more than £300m has been agreed to try to kick start the 6,000-home Silvertown Quays project in East London, which has resisted all attempts to get it off the ground over the last two decades.

Homes England said it has agreed a £233m infrastructure loan to pay for a new pedestrian and cycle bridge on the site in the Royal Docks, the restoration of the iconic Millennium Mills building and the repair of the dock walls, while the mayor of London has agreed £80m in housing grant to subsidise the delivery of affordable housing in the 1,500-home first phase.

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