17 August 2011

£20m for Croydon & Tottenham

Tottenham and Croydon will be transformed through major regeneration, Mayor of London Boris Johnson pledged today.

The areas, two of the worst hit during the recent riots, will benefit from a £20 million 'London Enterprise Fund' given by Government to be directly invested by the Mayor in Croydon and Tottenham. This fund comes on top of both Boris Johnson's £50 million regeneration fund, as well as the Outer London Fund.

Working with local residents, businesses and the councils, the Mayor and his team will identify how the fund can secure the maximum regeneration impact. The 'London Enterprise Fund' is designed to enable rapid improvements, so the money could be used for things like rebuilding affected properties, providing business rate relief, investing in transport infrastructure and supporting local employment.

The Mayor Boris Johnson said: "We will rebuild and repair every part of our city that has been damaged and help London's businesses get back on their feet. For the most badly affected areas, Tottenham and Croydon, it is vital we also use the opportunity to deliver long term improvements and create new jobs and skills that will benefit these communities for generations to come.

"With this support from Government, we can not only restore these town centres but create better, more prosperous places to live, work and invest in."

Comments

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Posted by Anonymous at 17 August 2011, 09:36

Excellent work Boris… Great man making great changes…

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