Outline planning permission has been granted to developers Knight Dragon by the Royal Borough of Greenwich Planning Board for a huge development on the Greenwich Penisula.

The development will create 13,000 new homes, two new schools, a new North Greenwich transport hub, new community and health facilities and a new 40,000-square-metre film studio. Over 12,000 new jobs will be created as a result of the development.

Sammy Lee, Vice Chairman of Knight Dragon, said: "It's a huge project and a huge responsibility. Something like this only happens once in a generation in London. We have big plans for the Peninsula and the team, the determination and the finance to deliver them."

The scheme has a gross development value of £8.4bn.

Cllr Denise Hyland, Leader of the Royal Borough of Greenwich, said: "This scheme will bring the long-term regeneration of Greenwich Peninsula to fruition, cementing what is a whole new district for London providing housing and jobs for tens of thousands of people and landmark new facilities and buildings."

The decision, subject to agreement by the Mayor of London, gives the go-ahead for: 13,000 new homes, of which almost 4,000 are affordable, the demolition and complete rebuild of the North Greenwich tube and bus station allowing for more bus capacity, a new 40,000-square-metre film studio creating 1,500 new jobs, 60,000 sqm of new business space, 24,000 sqm of new retail/food/drink space, one or potentially two new hotels, two new schools (one primary, one 'through school'), a new 20,000 sqm visitor attraction, a new ferry jetty terminal, a new 5-kilometre running track around the whole site, new healthcare facility and the expansion
of Ravensbourne.

Cllr Sizwe James, Royal Borough of Greenwich Cabinet Member for Business, Employment and Skills, said: "This development brings with it huge opportunities for the people of this borough. This application alone will bring in the region of 12,000 new jobs to the Peninsula, both during the construction phase and when the development is finished.

"This development will have a significant impact on employment levels in the borough, such is its scale and this is great news for the borough as a whole."

Agreement of the planning application also secures £110-£115 million funding for community benefits through the Section 106 agreement and the Community Infrastructure Levy.