The Barking Reach power station site in Dagenham Dock, originally earmarked for the development of a new wholesale food market, is now in limbo following the City of London Corporation’s recent decision to cancel the project. This initiative was intended to relocate the historic Smithfield meat market and Billingsgate fish market to the area, but escalating inflation and construction costs were cited as reasons for this decision, despite nearly £230 million already invested in the project.
Local authorities, including Barking and Dagenham council, anticipated the new markets would generate approximately 2,700 jobs and stimulate the economy in an area facing high levels of deprivation. The council’s local plan included various initiatives, such as establishing a “food school” to train future market traders, but these plans are now uncertain. Local MP Margaret Mullane expressed concerns about the impact on job creation and housing affordability in a region already struggling with poverty.
The future of the Dagenham site remains unclear, with the City of London Corporation currently owning it and managing significant assets. Local leaders are uncertain whether the corporation plans to sell the site or develop it further after economic conditions improve.
While some redevelopment has occurred in Dagenham, such as a film and television studio established in an area once home to Ford’s manufacturing facility, the community remains frustrated by the lack of promised infrastructure, including a new railway station intended to improve transport links. Residents have expressed disappointment over the delayed construction, which would have significantly improved commuting options within the borough.
The City of London Corporation has stated that the site remains available for alternative development, emphasizing its ideal location for logistics activities via the Thames Estuary. However, further clarity on its future uses will depend on future engagements with property developers.
Source: https://www.theguardian.com/business/2025/sep/20/dagenham-london-limbo-rehousing-markets-axed