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£41m capital fund to drive jobs and economic growth in London
Funding has been allocated from central Government after the Mayor successfully bid for a share of the national Growing Places Fund, to free-up potential development. The aim of the capital fund is to encourage private sector investment in key large scale infrastructure and regeneration projects. Applicants must be able to demonstrate how this investment complements their own and how it will be repaid back into the fund over time, to enable continued reinvestment in the capital.
The Mayor of London, Boris Johnson said: “Continued investment in London’s private sector is essential if the capital is to maintain its reputation as the best big city in the world to work and do business. This fantastic new fund means we will be able to plough much needed capital into major regeneration and development projects, which are a crucial catalyst for jobs and growth in London.”
Further information
www.london.gov.uk/priorities
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