£20m towards Tottenham and Croydon regeneration following riots

A £20m funding boost is to help major regeneration to transform Tottenham and Croydon following the London riots.

This additional money follows the launch of the Mayor of London Boris Johnson's £50m regeneration fund for London to help make major long term improvements to the capital’s town centres and high streets that have been damaged.

The ‘London Enterprise Fund’ will be invested by the Mayor to specifically focus on the regeneration of Tottenham and Croydon, which had already been identified as regeneration priorities before the riots.

The Mayor and his team will work closely with local people, local businesses and the local Councils to identify the best ways to invest the Government's money to maximise the regeneration impact in these two town centres.

The funding is designed to provide swift improvements so allocation of money could include investment in transport infrastructure, buying up and rebuilding affected properties and funding business rate relief as well as supporting employment.

The Mayor’s regeneration fund will ensure the affected areas are not only restored but are also returned as places that are better than before to live, work and invest in.

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."

Further information:
Greater London Authority