Canary Wharf Group has unveiled plans for a brand-new development, Wood Wharf, one of the most ambitious urban regeneration projects in London.
Having already created one of the largest business districts in Europe, Canary Wharf Group is continuing to evolve London’s former docks site by redeveloping a 23 acre site into 5m sq. ft of mixed use space. A sense of community, education and culture are at the heart of these plans, which include 2m sq ft dedicated to fast-growth businesses.
Creating workspaces for entrepreneurs and innovative businesses set to bring 20,000 jobs to the region, Wood Wharf will be a new part of London and one of the largest clusters of tech and creative businesses in the UK.
To understand the impact of the site on London’s tech and digital landscape, Wood Wharf will attract a larger number of tech jobs than in the entire city of Cambridge, concentrated into 23 acres.
The multi-billion pound development is expected to generate £2bn gross value add from new jobs and £199m into the local small business economy.