The £1bn New Bermondsey regeneration scheme, building 2,400 new homes near Millwall, has been slammed by a Lewisham councillor.

Councillor Alan Hall criticised a number of aspects of the development including the lack of affordable housing.

He said: "The principle for me is if there's more public money there should be more public benefit.

"Twenty social housing flats represents 2.5 per cent of this development - it's piffling."

The Mayor of London chose the New Bermondsey site - previously known as Surrey Canal Road - as a London Housing Zone, providing a £20m loan to accelerate the development of the scheme.

But Coun Hall, chairman of the council's business panel, also criticised the naming of the development, with the site being in neither Surrey Quays or Bermondsey.

He said: "I am proud of New Cross and Deptford. Local residents should be consulted on any proposals to change the name."

His panel have also noted that, despite the council's pledge of £500,000 to the Surrey Canal Sports Foundation, there does not seem to be any assurances given on the affordability of the sports facilities, and local people might be priced out of using them.

Business panel members - whose report was referred to a mayor and cabinet meeting last week - also noted that work on the project has not started yet, although it was proposed and granted planning permission some time ago.

Renewal director Jordana Malik said New Bermondsey would deliver 2,400 new homes for Lewisham and 10% of these are set to be affordable.

She also said the scheme will deliver 2,000 new jobs, a new Overground station, two new bus routes, the largest sports complex in London for use at local authority rates, five new public spaces, a regenerated park, a creative quarter and an integrated health centre.

In response to Coun Hall's comments about the site name, she said: "Historically, this area has been called Bermondsey at least as far back as 1894, and the existing station on the site is called South Bermondsey.

"Surrey Canal has been the project's working title for 10 years, but the scheme isn't in Surrey and there is no longer a canal.

"Following detailed discussions with local people and businesses, it was decided that New Bermondsey was an appropriate name."