Chancellor expected to commit to DLR extension in Budget

The Thamesmead Waterfront joint venture between Peabody and Lendlease today (20 November) welcomed news that the Chancellor is expected to confirm an extension of the Docklands Light Railway (DLR) to Thamesmead at next week’s Budget.

Published: 20/11/2025

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It’s a decision that would unlock one of the most significant regeneration opportunities in the country, enabling the creation of up to 15,000 new homes at Thamesmead Waterfront, a 100-hectare brownfield site.

An extension of the DLR from Gallions Reach to Thamesmead Waterfront can transform connectivity for an area that has long been underserved by public transport. The London postcode SE28, where the DLR station would be located, is the only one in the capital without a Tube or rail station. Faster, more reliable journeys will pave the way for private investment, helping to deliver growth and opportunity for local communities and the wider area.

The Thamesmead Waterfront joint venture is committed to creating a world-class, sustainable neighbourhood that celebrates its unique riverside setting. The vision includes thousands of new homes and jobs, a rejuvenated and expanded town centre, and outstanding open spaces. The scheme will prioritise low-carbon design, active travel and community facilities to ensure Thamesmead is a thriving destination for generations to come.

Ed Mayes, Executive Director for Development at Lendlease, said: “This can be a game-changing moment for Thamesmead Waterfront. A DLR extension opens up two miles of riverfrontage and creates the conditions for a vibrant new neighbourhood with homes, parks, and waterways. It’s a catalyst for private investment and we’re ready to work with partners to make it happen.”

John Lewis, Executive Director of Sustainable Places at Peabody, said: “Thamesmead has huge potential to be a thriving new town, and Government support for the DLR extension takes us one step further to unlocking this. Enabling a major uplift in housing and boosting significant economic growth, this vital transport link will help to bring lasting benefits locally, regionally and nationally. We look forward to pressing on with plans to deliver the Thamesmead Waterfront as part of our long-term commitment to improve, grow and look after the town.”