The new site in Dagenham Dock is set to become the future home of Billingsgate, New Spitalfields and Smithfield Markets as part of the City Corporation's Market Co-Location Programme.
The City Corporation was awarded outline planning approval by the London Borough of Barking and Dagenham in March for the plans which would co-locate the three historic markets together for the first time in a purpose-built wholesale market facility
The Market Co-Location Programme is a once-in-a-generation opportunity to create one of Europe's largest wholesale market destinations. It has the potential to deliver thousands of jobs, training opportunities, millions of pounds to the local economy and billions of pounds to the national economy.
Policy Chair, City of London Corporation