Transport for London’s property company contributed nearly half a billion pounds of added value in the 2025/26 financial year through homes, jobs and sustainable growth.
Places for London, Transport for London’s (TfL) property company, has contributed £447million to the capital’s economy through development, housing and sustainable development in the last past financial year, according to their new ‘Our Contribution’ report.
Howard Dawber, Deputy Mayor of London for Business, said: “Places for London is making a significant contribution to our ongoing work to grow the capital’s economy, deliver much-needed affordable and champion sustainable development.”
Its affordable housing, which creates housing stability, increased educational opportunities and cost-of-living savings for residents, have generated an estimated £8million in annual benefits for occupants.
It brings the property company’s total contribution to London’s economy to over £1billion since the organisation’s formation in 2023.
Since it was formed, Places for London has delivered more than 2,000 homes, with 58% of the homes across its portfolio being affordable housing.
The company runs skills programmes which, since 2019, have trained more than 12,000 Londoners through construction skills programmes.
Those who secured employment through this training in 2025/26 will contribute £66million in increased lifetime earnings to the capital’s economy.
Its Places for Growth programme, launched earlier this year, plays a key role in helping local businesses find their first site, with 95% of businesses which operate on Places for London’s estate being small enterprises.
Places for London is investing in Paddington, Old Street, Whitechapel and other key locations, to refurbish and modernise units around Underground stations.
Gordon Rogers, Head of Sustainability at Places for London, said: “We are helping London grow and giving new opportunity to people, business and communities – including those with most need – so the city can continue to be its best, with new homes and destinations that people want to be in.”
Its projects at Bollo Lane and 10 King William Street are leading the market in sustainable building, with both projects being used as pilots for the UK Net Zero Carbon Building Standard, launched earlier this year.
More than 12,000 jobs are supported across its London-wide estate, which generate around £349million in economic contribution through wages, taxes, employment and investment.
Fatima’s UK Campaign, a charity headed by Olympic silver-medallist Fatima Whitbread, recently collaborated with Places for London in an initiative to help care leavers looking to build skills, entering into new careers.
Featured image credit: Places for London
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