The UK Government has announced £140 million in public funds will be granted to the planned "Olympicopolis" cultural quarter in East London, in the former 2012 Olympic Park. The museum and educational district is planned to feature a new outpost for the Victoria and Albert (V&A) Museum and Sadler’s Wells theatre, and a new campus for the University of the Arts London.
The site, which is just North of Zaha Hadid's Aquatics Centre, is the focus of an ongoing design competition which reportedly attracted almost 1,000 expressions of interest in the contest's pre-registration phase. The winner of the competition will be announced in March.