canary warf- local place Flashcards
where is it
-in the isle of dogs, tower hamlets
what is canary warf part of
-londons CBD (central business district) alongside central london
-main financial centres in the world
regional influence on canary whatrf
-extensive over ground rail network
-railway which connects it to central London, the docklands light railway or DLR
-the region surrounding London has developed as the city has developed with airports such as:
-the M4 corridor, affluent commuter settlements, new towns and out of town shopping centres
national influence on canary wharf
-government policy in 1981, the deregulation of financial markets (canary wharfs cluster of skyscrapers in east London is home to some of the worlds biggest banks such as HSBC)
-large percentage of jobs from TNCs which meant decline was heightened by gov policies which favoured growth of industry outside London
international influence on canary wharf
-deindustrialisation, the docks closed as not capable of taking new container ships so new dock built at Tilbury in Essex where river is wider
-during world war 2 London docks was heavily bombed during the Blitz in an attempt to destroy British economy
-migration
employment percentages in 2011
-60-65% employment in financial services
-15-20% in professional services
-5-10% in retail, hospitality and services
-0.5-2% in sustainability and green sector
total employment in 2011
around 100,000 to 130,000 individuals
employment percentages in 2023
-40-45% in financial services
-20-25% in professional services
-5-10% in retail, hospitality and services
-5-10% sustainability and green jobs
why is there more jobs in green services in canary wharf in 2023 than 2011
- it is committed to net-zero carbon in 2030
demographics in 2011
mainly younger and largely professional
-median age: ~35-40 years
-male dominant - 60-65% male in workforce
-predominantly white - 60-65%
demographics in 2023
-Age diversity has increased due to expansion of residential options median age: ~40-42 years
-gender balanced - 50-55% male in workforce
-ethnicity - white - 50-55%
land use in 2011
-minimal residential areas
-predominantly offices buildings and financial institutions
-retail and leisure are mostly focused on shops and services
levels of deprivation in 2011
- IMD rank for tower hamlets 7th out of 326
-income decile rank 1-3
-living environment deprivation ranks 2 to 4
levels of deprivation in 2023
-IMD rank for tower hamlets ranked 8th out of 326
-Income rank 1,2
-living environment decile 2-4
property values in 2010
-1 bed apartments 250,000 to 350,000
-luxury apartments 800,000 to 1.5 million plus
