Greenwich boatyard under threat from Greenwhich Wharf development

Paul Deverell, who has run a boatyard at Badcock's Wharf for more than 25 years, says he works on "everything that's floating" and is the last remaining dry docking business in Greenwich

But the Thamescraft yard, which employs between 12 and 20 workers, needs to relocate due to the huge Greenwich Wharf project - taking in the site and neighbouring Lovell's, Pipers and Granite wharves.

Following approval of the original scheme in 2007, as part of a Section 106 agreement the developer offered a new yard up the river and relocation costs.

But now a revised application has gone in and the relocation funding offer appears to be off the table meaning Mr Deverell will have to pay to move his three massive dry docks himself. With other costs he estimates the relocation will cost around £560,000.

He said: "They've just dragged their heels and said the economic situation has changed.

"We've had meetings and they said 'we're not paying you any money to move'.

"They're just bully boys. I'm a small business but also the largest dry docking one there is on the river.

"But I can't afford to move without the finance that were promised."

The new plans are already proving controversial, increasing flats from 667 to 913 with the buildings rising up to 13 storeys high. There is also no sign of the hotel and rowing club once promised.

Mr Deverell is now calling on Greenwich Council's planning board to reject the revised plans as they stand - due to be considered on September 16.

He said: "I don't get any support from Greenwich I'm just going to pack up.

"I've had all the promises from everybody. The developers are just sticking their fingers up and saying 'we're not doing it'."

London & Regional Properties were unavailable for comment.