The LTGDC was established in 2004 to bring about the regeneration of the Lower Lea Valley and London Riverside. The LTGDC is the planning authority for relevant applications and is charged by Government with helping to secure 40,000 more homes and 28,000 new jobs in east London by 2016.

In making the announcement Housing Minister Margaret Beckett said:

"The role of the London Thames Gateway Development Corporation will be crucial for meeting the challenges posed to regeneration in the current economic climate. Bob Lane has the drive, skills and experience to see it through these difficult times and ramp up the pace of delivery to create a lasting legacy in advance of 2012.

"I also wish to thank the outgoing Chair, Lorraine Baldry, for her sterling work over the last four years. She can take pride in having helped build the Development Corporation and having left it in such a strong position for the challenges that lie ahead."