30 Years of Canary Wharf – Local Impact Report
Canary Wharf Group celebrates thirty years as developer and custodian of the world-renowned Canary Wharf estate, which has turned the Docklands area of East London into a thriving business, residential and retail hub where 120,000 people work. The report, based on analysis produced by the Centre for Economics and Business Research (CEBR), lays out the significant benefits that its regeneration of the former docklands has delivered for the local community and economy.
Following the decline of the docks during the 1960s and 1970s, the area suffered for years as it struggled to cope with the shifting economy and poor transport links. With the economic heart of the local community gone, poverty levels soared. From the outset, Canary Wharf Group understood that the success of the development project not only depended on good transport and exceptional buildings, but also establishing itself at the heart of the local community and economy , so that local residents could also benefit from its success.