11 August 2011

£50m to regenerate London's damaged town centres

Boris Johnson has announced a £50million fund to help town centres and high streets damaged by the recent disturbances. The new fund is in addition to the Mayor's Outer London Fund and will invest in larger scale rebuilding projects, building on the momentum created as repair work begins.

Regeneration proposals will be developed with communities and councils and ensure that the contracts go to as many local businesses, employing local people, as possible. This local focus will also include apprenticeships for unemployed people in the affected areas to help them develop the skills they need to get into work.

The Mayor of London, Boris Johnson, said: “We have always recognised the importance of improving London's town centres and clearly after the destruction caused by the recent events across the city this is a bigger challenge than ever. That is why I am allocating £50 million to ensure that these areas are regenerated quickly and transformed into safe, attractive, vibrant and economically successful places to live, work and invest in.”

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