Investing in high streets and small businesses

Pledge 6 - Investing in our high streets page

Boris Johnson is investing in local high streets across London. In total, his plan invests £221 million to transform local high streets and support small businesses across Greater London (London Assembly, Mayor’s Question Time, 9 February 2012, link).

This includes:

  • The Outer London Fund, a three-year initiative launched by the Mayor in June 2011. The Outer London Fund is designed to strengthen the vibrancy and growth of London’s high streets and local areas (GLA Press Release, 13 June 2011, link).
  • The Regeneration Fund, a £50 million fund designed to help make major long term improvements to the capital’s town centres and high streets damaged by last summer’s riots (GLA Press Release, link).
  • The London Enterprise Fund, which distributes £20 million to fund major regeneration of Tottenham and Croydon, two of the worst hit areas in last summer’s riots (GLA Press Release, link).
  • The Growing Places Fund, a Government initiative from which London has secured £41 million. The Growing Places Fund is designed to boost economic growth by getting the required infrastructure built to enable the creation of new homes and jobs and get stalled projects moving again (London Enterprise Panel, The Growing Places Fund in London, February 2012, link).
  • £57 million raised in external funding through match funding from other private and public sector partners. This is expected to rise to £60 million once new contracts are signed (Mayoral Question Time, 22 February 2012, link).

Return to the 9 point plan for Greater London

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