Plans to build a 6.9-ha science and technology park in Dagenham are back on track, after a contract was signed to develop the site.
The future of the 'buisness-east' scheme had been in doubt after an application for funding from the mayor’s growth fund was turned down last year.
But now Sanofi – which operated the site for 77 years until June 2013 – manufacturing pharmaceuticals and carrying out medical research, has reached an agreement with healthcare investment and development company MedicX to begin the business-east regeneration scheme.
A new NHS facility will be built at the Rainham Road site and will include provision for community health and dental facilities.
Tony Coke, primary care director of MedicX, said: "We have made significant progress on this project and, subject to obtaining ratification from NHS England for funding, we envisage this primary healthcare facility could be fully operational by the end of 2015.
"The MedicX healthcare property track record in Greater London demonstrates our ability to deliver modern premises bespoke to the health needs and requirements of local communities, for now and the years to come.
"MedicX is excited to be involved in this project and working with the partners to deliver such an important health project."
Mark Bass, Sanofi’s land development and partnership leader at the Dagenham site, added: "Creating a health facility in Dagenham that will benefit the local community has been one of the cornerstones of our site regeneration programme from the very start."
The City of London Corporation is about to buy Barking Power Station site in east London for around £125 million, according to Property Week.
A £25 million grant for Barking and Dagenham Council will help it support new housebuilding over the next four years.
Councillor Darren Rodwell, the leader of Barking and Dagenham Council, has welcomed the decision to approve the proposed Beam Park…