Margaret Beckett has reconfirmed the government’s support of the Thames Gateway’s regeneration schemes.
The minister said she is in touch with the region’s development agencies to confirm those most at risk from current economic difficulties.
“I can’t pretend that the Gateway will be immune to the slow down,” she said.
She went on to explain that “all of us in government are very much alert to the challenges and we will be working with partners to identify pressures on business to take the appropriate action”.
Ms Beckett explained that the Communities and Local Government department will hand over responsibility for the project as early as next week, to the newly formed Homes and Communities Agency.
The Thames Gateway is seen as essential in delivering the housing and commercial property needed for London to continue its expansion.
However, Peter Andrews, chief executive of the London Thames Gateway Development Corporation has said “social regeneration is every bit as important as improving the built environment”.