Stock Street Project
Newham's Stock Street Project is addressing rising construction costs with additional funding approved in October 2025.
The Stock Street Project, which aims to repurpose a heritage building into a cultural and creative hub, is addressing increased construction costs. In October 2025, the Corporate Director of Inclusive Economy & Housing approved the allocation of £734,000 from the United Kingdom Shared Prosperity Fund to cover these rising expenses.
This additional funding includes a £700,000 capital grant for Create London, the project's development partner, to advance Phase 1 construction. The total council investment in the project now stands at £1.715 million, comprising funds from the Levelling Up Fund and the UK Shared Prosperity Fund. No further meetings are currently scheduled.
Key facts
- The Corporate Director of Inclusive Economy & Housing approved £734,000 from the UKSPF on 31 October 2025. Source
- The total council investment in the Stock Street Project is now £1.715 million. Source 1 Source 2
- A £700,000 capital grant was approved for Create London for Phase 1 construction. Source 1 Source 2
- The project is facing increased construction costs due to market pressures. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.