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==Current status== [[File:Peckham library 1.jpg|thumb|The award-winning [[Peckham Library]] (October 2005).]] Since the 1990s the [[European Union]] has invested in the regeneration of the area; partly funding the award-winning [[Peckham Library]],<ref>Spring, Martin. [http://www.building.co.uk/will-alsops-peckham-library-revisited/3136504.article "Will Alsop's Peckham library revisited"], ''[[Building (magazine)|Building]]'', 20 March 2009. Accessed 9 August 2011.</ref> a new town square and new housing to replace the North Peckham Estate. State funding is being provided to improve the housing stock and renovate the streets. This includes funding for public arts projects like the [[Tom Phillips (artist)|Tom Phillips]] mosaics on the wall of the Peckham Experiment restaurant.{{cn|date=July 2024}} 1994 saw the completion of the [[Peckham Arch]] designed by architects Troughton McAslan and funded in part by a Β£1m SRB (Single Regeneration Budget) grant.<ref>{{cite web|url=http://www.mcaslan.co.uk/projects/peckham-square |title=Peckham Square |publisher=John McAslan + Partners |website=mcaslan.co.uk |access-date=15 July 2017}}</ref> The arch is due to be demolished to make way for 19 flats; the decision was made despite public protests.<ref>{{cite web|url=https://www.southwarknews.co.uk/news/peckham-arch-demolished-southwark-council-approval |title=PECKHAM ARCH TO BE DEMOLISHED AFTER SOUTHWARK COUNCIL APPROVAL |publisher=Southwarn News |website=southarknews.co.uk|date=9 November 2016 |access-date=12 August 2018}}/</ref> The main shopping street is Rye Lane and the large [[Peckham Rye]] Park is nearby. [[Bellenden Road]] is an area of small independent shops.
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