Community Wealth Building
Newham Council is addressing rising construction costs for its Stock Street Project, a community-led cultural hub, as part of its Community Wealth Building strategy.
Newham Council's Stock Street Project, a community-led cultural and creative hub, faced increased construction costs in November 2025. To address this, the Corporate Director of Inclusive Economy & Housing approved the allocation of £734,000 from the United Kingdom Shared Prosperity Fund in October 2025. Of this, £700,000 was granted to Create London, the development partner, to advance Phase 1 construction.
This decision brought Newham Council's total investment in the Stock Street Project to £1.715 million, combining funds from the Levelling Up Fund and the United Kingdom Shared Prosperity Fund. The project aligns with Newham's Community Wealth Building strategy, which supports local economies and strengthens civic infrastructure. No further meetings on this topic are currently scheduled.
Key facts
- Paul Kitson, Corporate Director of Inclusive Economy & Housing, approved £734,000 from the UKSPF for the Stock Street Project in October 2025. Source 1 Source 2
- Newham Council's total investment in the Stock Street Project is £1.715 million. Source 1 Source 2
- £700,000 of the UKSPF allocation was a capital grant to Create London for Phase 1 construction. Source 1 Source 2
- The Stock Street Project aims to regenerate a heritage building into a community-led cultural and creative hub. 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.