London Museum redevelopment gains funding boost

The newly renamed London Museum has gained a £50 million funding boost for its Smithfield Market redevelopment. The Mayor of London and the City of London Corporation will each contribute an additional £25 million for the £437 million project. The museum has recently rebranded with a new name and logo. It will fundraise £30 million.  

It is one of the largest cultural infrastructure projects in Europe. The ambitious London Museum project hopes to transform the iconic and historic Smithfield Market into a hub for its collections, while the site will be one a few cultural institutions on the planet with tube line running through it that visitors can see through a window in the galleries.  

There will be two phases to the project. The Victorian General Market, where the main permanent galleries will be, is set to open in 2026. The adjacent 1960s-era Poultry Market, which will house its learning centre, temporary exhibition space, and collection stores, will open in 2028.

“Thousands of Londoners are helping to shape this fantastic new museum which will not only explore our city’s rich history but the people and places that make it such a vibrant place to be,” said London Museum director, Sharon Ament.

“With the generous support of the GLA and the City of London Corporation, alongside our other funders and supporters, we are steaming ahead to deliver a transformative, world-leading museum that will be worthy of this great global capital.”

Mayor of London Sadiq Khan added: “Culture is the DNA of our city, and I am proud that we’re such an integral part of the creation of the new London Museum at Smithfield. It is one of the biggest cultural projects in Europe and will be a brilliant addition to London’s world-leading cultural sector.

“It will attract Londoners and tourists from around the world, generate new jobs and reinforce our position as a global creative capital, as we continue to build a better and fairer London for everyone.”

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[Image Credit: Proposed General Market © MIR]

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