Southwark Council has agreed to set up a project to help turn around a run-down street in Rotherhithe.
Members of the borough’s cabinet last week approved proposals to set up the Albion Street Regeneration Framework, which will explore ways to help the street benefit from wider local initiatives.
Southwark said the move was in response to concerns from residents surrounding the once-bustling commercial street’s decline.
It said the project’s four main areas of work would be boosting the street’s general appearance; exploring proposals to expand Albion Primary School; looking at ways to help local residents benefit from other regeneration projects; and ensuring that the redevelopment of Albion Street Library met local needs.
Councillor Fiona Colley, Southwark’s cabinet member for regeneration and corporate strategy, said the framework aimed to restore Albion Street to its former glory as a lively and successful area that was the heart of Rotherhithe.
“Despite the tremendous changes we have seen in the Rotherhithe and Canada Water area, Albion Street area has not really felt the benefits,” she said.
"We are fortunate that there is a lot of enthusiasm and many great ideas coming forward from local tenants, residents, councillors, businesses and groups such as the Scandinavian churches.
“We want to make sure that there is a role for all local representatives to get involved in improving the area."
A new website for the local community, which explains the council's plans for the regeneration of Old Kent Road, has been launched