London’s Smithfield and Billingsgate markets find new home in Docklands

The City of London Corporation plans to relocate London's Smithfield meat market and Billingsgate fish market to Albert Island in Docklands. This proposal comes after the corporation abandoned a previous relocation plan due to rising costs and faced opposition to permanently closing the historic markets. The move to the 10-hectare site, owned by the Greater London Authority, aims to regenerate the area and is projected to generate £750m in local expenditure and create 2,200 jobs. The corporation intends to redevelop the existing Smithfield and Billingsgate sites for cultural and residential purposes, respectively. Traders can remain in their current locations until at least 2028, pending parliamentary approval to repeal the legislation that fixes the markets to their original sites.

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