Thamesmead provides the opportunity for 20,000 new homes and for thousands of high value new jobs, complemented by a new leisure, cultural and commercial offer for the town and for London. And our patient and comprehensive approach will ensure the existing community is at the heart of its future.
Over £1 billion is being invested in the town, making Thamesmead not only the biggest regeneration project in London but one of the biggest in the UK. Almost 50 years after the first residents moved to London’s new town, Thamesmead's full potential can now be realised.
When Peabody incorporated Thamesmead's three leading organisations in 2014, it meant that much of the town's housing, community investment activities and over 200 acres of developable land became owned by a single, well-resourced body for the first time in a generation.
As Thamesmead's main landowner, Peabody is driving the town's regeneration in collaboration with partners. Thamesmead is one of Peabody's core priorities, and a dedicated Thamesmead regeneration team has been built up to deliver the ambitious vision for change in the town.
Peabody is one of London's oldest and largest housing associations and has been creating opportunities for Londoners since 1862 when it was established by the American banker and philanthropist, George Peabody. Its mission is to ensure that as many people as possible have a good home, a real sense of purpose and a strong feeling of belonging.
Peabody works solely in London, owning and managing more than 29,000 homes and providing homes for around 80,000 people. Following an agreed merger with Family Mosaic housing association, this would grow further to 55,000 homes across London and the South East.
London Borough of Bexley
The London Borough of Bexley incorporates the eastern side of Thamesmead, including parts of North Thamesmead and all of South Thamesmead.
Royal Borough of Greenwich
The Royal Borough of Greenwich incorporates the western side of Thamesmead, including West Thamesmead, Central Thamesmead and parts of North Thamesmead.
The Royal Borough of Greenwich is leading the Abbey Wood, Plumstead and West Thamesmead Housing Zone, improvements to the Thames Path and are supporting Peabody's neighbourhood improvements in The Moorings.
Greater London Authority
The Greater London Authority is providing £47.5 million investment to deliver two Housing Zones in Thamesmead as part of the Mayor of London's Housing Zone Programme. Combined, the Abbey Wood, West Thamesmead and Plumstead and the Abbey Wood and South Thamesmead Housing Zones will deliver over 2,500 new homes by 2026.
Transport for London
Transport for London is a key partner in delivering new transport infrastructure to help unlock Thamesmead's full potential. This includes taking forward the extension of the DLR to Thamesmead and the operation of the new Elizabeth line service at Abbey Wood from 2018.