24 August 2011

£3.5m fund for riot-hit businesses

A new £3.5million fund is being made available to businesses affected by the riots and in need of emergency financial help.

The ‘High Street Fund’ is a charitable fund offering immediate cash support to help smaller businesses across the UK that suffered from the disturbances. It is made up of £3million from Barclays, BP, Capita, Deloitte, Lloyds Banking Group, RBS and Santander and another £500,000 made available by the Mayor of London Boris Johnson. The Mayor's contribution will be ringfenced for London businesses. The companies and City Hall will also offer support services and expertise for the businesses.

The Fund founders hope that more leading companies and individuals will also donate to help as many small businesses as possible.

Boris Johnson, said: "I have seen at first hand businesses showing remarkable resilience and true fighting spirit. However, it is no secret that many high streets in the capital are still suffering as a result of the appalling events earlier this month.

"Small businesses need urgent help to repair damage and get goods back on the shelves and the High Street Fund will help to do just that. I have absolutely no doubt that if we pull together and give our support to the fund we can ensure that London emerges as a stronger and even more prosperous city than before."

This is in addition to the Mayor's £50 million London-wide regeneration fund to invest in larger scale rebuilding projects to restore and improve all areas affected by the riots and the £20 million London Enterprise Fund for Croydon and Tottenham to provide rapid improvements such as rebuilding properties, providing business rate relief, investing in transport infrastructure and supporting local employment.

Mr Johnson has been meeting and listening to residents and business owners in the worst hit areas of the capital, including Clapham Junction, Croydon, Enfield, Tottenham, Ealing, Stoke Newington, Peckham, Hackney, Lewisham and Woolwich.

For more information on the Fund and how to apply for assistance, please visit http://www.thehighstreetfund.co.uk/

Categories: Fighting London's corner, London | Tags: High street fund, London enterprise fund, Regeneration

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.

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Categories: crime, Fighting London's corner, London | Tags: Croydon, London enterprise fund, Outer london fund, Regeneration, Tottenham

24 March 2011

London is open for business

Backing up Boris's efforts to create the most competitive business environment for the capital, yesterday's Budget measures - easing rules on overseas corporate profits and cutting corporation tax by more than expected to 23% - signaled London is open for business.

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Categories: Fighting London's corner | Tags: Business, Fighting london's corner, London

23 March 2011

Boris secures London enterprise zone

Boris Johnson has secured another great deal for London from central government in today's Budget.

The capital has just been named in the Budget as the location of one of the country's 11 new enterprise zones. These enterprise zones will help create jobs and opportunities and make London one of the most competitive environments for business in the world.

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Categories: Fighting London's corner | Tags: Achievements, Business, Jobs, London

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