East London's Docklands, once an industrial wasteland, has been transformed into a thriving financial and residential hub, offering lessons for Andy Burnham as he seeks to trigger growth across the UK. The area, which now sees 80 million visitors a year, up from 54 million in 2022, is a prime example of rejuvenation.
From wasteland to financial jewel
The London Docklands Corporation was set up in 1981 to revitalise the area, and it succeeded. Canary Wharf, named after the quay where Mediterranean and Canary Islands produce were unloaded, is now a key financial district. One Canada Square, one of Europe's tallest buildings, opened in August 1991 and remained the UK's tallest for over 20 years.
The transformation focused not only on buildings but also on the spaces between them. An open water swimming area was installed to reconnect locals with the River Thames, enhancing the area's appeal.
Mixed-use approach key
The Financial Times emphasised that a healthy mix of jobs, good homes, culture, and leisure activities should be applied to other towns and cities. "The UK needs the same approach: multiple growth engines across sectors and geographies with places that bring industries together by offering the right workspaces, access to talent and well-connected infrastructure," the outlet said.
Burnham is "seeking growth, productivity and renewal," and "the message is clear: growth follows people, and people want to live and work in great places."
Growth and quality of life compatible
The Financial Times added: "Britain often debates growth and quality of life as though they were competing objectives. They are not. People choose places for how they feel. The most successful locations are the ones that recognise that."
