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London Markets to Relocate, Creating 2,200 Jobs

12/4/2025

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Summary

Story summary

The City of London Corporation will relocate Smithfield and Billingsgate markets to Albert Island, Newham, after closures tied to rising costs.
The move aims to generate £750 million in local spending and create 2,200 jobs.
Traders can remain at their current sites until at least 2028, with most agreeing to move.
Local fishmongers' concerns have been acknowledged, and the new markets will continue apprenticeship programs and include a food school.

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Story summary

The City of London Corporation will relocate Smithfield and Billingsgate markets to Albert Island, Newham, after closures tied to rising costs.
The move aims to generate £750 million in local spending and create 2,200 jobs.
Traders can remain at their current sites until at least 2028, with most agreeing to move.
Local fishmongers' concerns have been acknowledged, and the new markets will continue apprenticeship programs and include a food school.