The City of London is poised for another transformative year, with several high-profile development projects scheduled for crucial planning decisions in 2026. Following a record-breaking year for planning approvals in 2025, the Corporation's ambitious agenda continues, focusing on enhancing infrastructure, cultural venues, and office space within the Square Mile.
Transport Hub Overhaul and Office Controversy
Liverpool Street Station's long-awaited redevelopment is finally expected to go before a City of London Corporation committee in the new year. The project, led by Network Rail, has faced delays due to public opposition and additional consultations. The core proposals aim to significantly upgrade the station's capacity and accessibility.
Planned improvements include enlarging the main concourse, upgrading escalators, and relocating ticket barriers. Network Rail states these changes are essential to future-proof the station, enabling it to serve over 200 million passengers annually. However, the scheme remains contentious due to a proposed 21-storey office block above the Grade II-listed station, which would require the removal of the existing concourse roof. A definitive date for the committee's decision is still awaited.
Barbican Area Faces Significant Change
Two major projects adjacent to the iconic Barbican Estate are set to progress. Directly opposite the Barbican Centre, the One Silk Street proposal plans to demolish the current building, occupied by law firm Linklaters, and construct a new 21-storey office block. The application, from LaSalle and developer Lipton Rogers, also includes public realm improvements and new dining spaces.
The scheme has attracted significant local opposition, with over 1,000 objections lodged, primarily from residents of the Barbican Estate concerned about the loss of residential amenity and the prioritisation of office space over housing.
Meanwhile, the Barbican Centre itself has submitted a £240 million 'Renewal' plan for major refurbishments. Stage one of the project focuses on upgrading three key areas: the conservatory, the lakeside, and the foyers. Proposed enhancements range from a new water feature to completely revamped entrance spaces. A planning decision is anticipated in 2026, with construction slated to start in 2027 and completion targeted for 2030.
Cultural Landmark Prepares for Grand Opening
In a major boost for London's cultural scene, the new London Museum is scheduled to begin opening at its Smithfield site in 2026. The museum is moving from its previous Barbican base into the historic Victorian General Market building, which will house its permanent galleries.
The initial opening will include the galleries, a restaurant, a bookshop, and an events hub. The museum's temporary exhibitions, collection stores, and learning centre, located in the neighbouring Poultry Market, are scheduled to follow in 2028. The project received a substantial £50 million funding boost last year from its primary backers, the City of London Corporation and the Mayor of London.
These projects collectively underscore the City of London Corporation's strategic drive to modernise infrastructure, expand high-quality office space, and invest in world-class cultural facilities, setting the stage for the Square Mile's evolution through the next decade and beyond.
