On 26 November a decision was taken by the Court of Common Council to end the planned move of Billingsgate and Smithfield markets to a new location in Dagenham, and instead to provide financial support to the traders to enable them to move to new locations of their choosing.
The City of London Corporation, which runs the site, said on Tuesday its council voted to stop operating Smithfield and Billingsgate fish market. The original plan had been to relocate the markets to a £1bn development in Dagenham, but a sharp rise in construction costs and wider inflation forced a rethink.
The corporation decided in a separate vote last November to permanently close Smithfield and Billingsgate when it pulled the plug on a planned £740m relocation to a new site in the east of the capital at Dagenham, blaming rising costs.
It has been confirmed that Dublin's Victorian fruit and veg market in Smithfield will finally reopen in 2026. The historic red brick building on Mary's Lane, between Capel Street and Smithfield, has remained empty since its closure in 2019 to facilitate redevelopment.
The Dagenham site was acquired by the City in 2018 from Barking Power Ltd, and announced as a potential option for bringing Smithfield, Billingsgate and, initially, the Leyton-based New Spitalfields fruit and vegetable market, also owned by the City, together in the same place.
London's 900-year-old Smithfield meat market to close as Dagenham move abandoned
What will happen to Smithfield?
Billingsgate's site near Canary Wharf is set to be transformed into some 4,000 new homes; meanwhile, Smithfield is set to be regenerated into a “cultural and commercial hub” to accompany the new London Museum, set to open next year in a once-abandoned section of the market.
If the plans proceed, the Smithfield site will become home to the new London Museum, while the land at Canary Wharf that will be unlocked by relocating Billingsgate could provide around 2,000 new homes, it said.
Can the public buy? Anyone can buy meat, poultry and provisions at Smithfield. It is open to the public by Charter: walk through the Market, look around, talk to the salesmen on the front of the stalls. You will find a wide choice and high quality produce at excellent prices.
Smithfield was almost a city within a city – and one with its own hours. To give customers time to buy and prepare their meat for sale the same day, the market opened at night.
As the largest wholesale meat market in the UK and one of the largest in Europe, Smithfield Market is a cornerstone of London's culinary scene and a must-visit destination for food enthusiasts.
The City Guides run walking tours of Smithfield for members of the public on a monthly basis. Hear how Smithfield meat market has changed throughout its 800 year history and experience its working life first-hand on this special tour.
Is Smithfield meat market to close for good after relocation plans voted down?
Smithfield meat market to close for good after relocation plans voted down. London's historic Smithfield meat market is to close for good after the City of London Corporation voted to pull out of plans to relocate it and Billingsgate fish market to Dagenham.
The announcement by the City of London Corporation in November that Smithfield market is to close after almost 900 years of trading has been met with surprise and dismay. Many Londoners fear Smithfield's special sense of place will be lost for good as a result.
On 26 November a decision was taken by the Court of Common Council to end the planned move of Billingsgate and Smithfield markets to a new location in Dagenham, and instead to provide financial support to the traders to enable them to move to new locations of their choosing.
Smithfield Market is one of the oldest markets in London, primarily known for livestock and meat trading. However, it is not specifically a cloth market. The oldest cloth market in London is generally considered to be the 'Cloth Fair' which was established in the 12th century. Therefore, the statement is false.
Smithfield market's owners, the City of London Corporation, had planned to relocate Smithfield and Canary Wharf's Billingsgate fish market to the east-end suburb, but on Tuesday the body's Court of Common Council voted to scrap the move, after a recommendation from the Square Mile's policy committee.
Smithfield Market, or London Central Markets as it is officially known, is the only wholesale Market that remains located on its original site within the Square Mile. The East and West Market Buildings were completed in 1868, livestock and meat has been traded on the site for over 1000 years.
Traders working from a collection of sheds and stalls did their best to meet the needs of London's rapidly growing population and their appetite for fresh fruit and vegetables. Their success made Spitalfields Market a major centre for the sale of fresh produce, trading six days a week.
Jason Holland. Billingsgate fish market – which is the oldest fish market in the U.K. capital of London and what was once the world's largest fish market – is set to close in 2028 after the City of London Corporation recently decided to withdraw its support.
What are some interesting facts about Smithfield market?
Dating back to a 1327 charter issued by Edward II, Smithfield is the oldest meat market in London, its proximity to the River Fleet and to grazing sources making it a handy place to bring livestock to trade.
Is London's Smithfield meat market operating for over 800 years to permanently close?
The oldest meat and fish markets in London, which date back 850 years, are facing permanent closure from 2028. Smithfield meat market, near St Paul's Cathedral, and Billingsgate fish market in Canary Wharf are to be closed after the City of London Corporation voted to withdraw support for them.
The hog business swung to a quarterly operating profit of $22 million from a $2 million loss a year earlier. Smithfield projected total 2025 adjusted operating profit at $1.15 billion to $1.35 billion, compared with a previous forecast of between $1.10 billion and $1.30 billion.
As a leading pork producer, Smithfield is renowned for its scale, innovation, and focus on sustainability. The funds raised through the IPO will provide the company with financial flexibility to expand operations, enhance sustainability efforts, and explore new market opportunities.
