Construction has begun on East Bank, a new cultural district located in Queen Elizabeth Olympic Park, which will cost £1.1 billion.
The new district, planned for a 2022 opening, will contain a new dance theatre for Sadler's Wells, a venue for the V&A, a new home for the BBC Symphony Orchestra and Chorus plus the BBC Singers, and a new campus for University College London, and the London College of Fashion (part of the University of the Arts London).
On 2 July, Mayor of London Sadiq Khan also announced that Westfield Stratford City is funding the project with £10m as a founding partner and official partner. The City of London will also add £1m to deliver arts and education to the local community.
The Mayor of London said: "The opportunities for young people (at East Bank) are starting now, you don’t have to wait until 2022 – so for example we’re getting young people involved in apprenticeships and internships, they’re getting involved now in terms of the design, and we’ve also made sure when the construction begins in earnest a number of jobs are guaranteed for local young people."
"I’ve seen how culture can change young people’s lives and we need to make sure more Londoners benefit from these life-changing opportunities."
"We have some of the best facilities on offer in the world, but not enough young Londoners benefit from this, so I’m sure they’ll see culture and the creative industries as a way to fulfil their potential."