Designs for a new Lewisham station are being developed and could be completed as early as 2029, Transport for London has confirmed.

This comes as TfL announces further plans for the Bakerloo line extension, which will run from Elephant and Castle into Lewisham via the Old Kent Road.

These include decisions about New Cross Gate station, which is being designed to minimise impact on access to the supermarket, and a confirmation the extension into Lewisham could be finished by 2029.

The extension, which would make a “huge difference” to people’s lives, will support 25,000 new homes and 5,000 new jobs, according to TfL.

It has been widely supported in the borough, with Lewisham Council joining with Southwark Council in efforts to boost support for the plans.

Lewisham Council cabinet member for parks, neighbourhoods and transport Cllr Brenda Dacres said the plans were essential to boosting the economy and building homes.

She said: “The impact of the Bakerloo line extension cannot be underestimated – it will boost the economy in Lewisham and south-east London, provide the opportunity to build desperately-needed new homes and improve transport links into central London.

“Almost 5,000 Londoners have given their views and this clearly reflects the importance with which they regard these plans. I would urge even more to engage and take part in the further consultation planned for next year,” she continued.

Wearside Depot in Ladywell has been earmarked as a launch site for tunnel boring machines for the Bakerloo line, which will see hundreds of thousands of lorries moving material out of the area by 2024/25,  Lewisham Council officers have previously said.

This has caused concern for the regeneration in Ladywell, with plans including upward of 200 homes and leisure and entertainment facilities for the area.

Heidi Alexander, deputy mayor for transport, said the changes would make it much easier to travel into central London.

“I’m delighted that plans for the Bakerloo line extension are continuing to progress,” she said.

“New Tube stations providing a direct route for commuters into the heart of central London and the joining up of key transport links across south London will reduce journey times and ease congestion, making a huge difference to the lives of thousands of south Londoners.”