London mayor Boris Johnson has today announced a £50M regeneration fund to help make major long term improvements to London town centres and high streets damaged by this week’s riots.
The fund will ensure the affected areas are not only restored but improved, Johnson said. The Greater London Authority said it will ensure that contracts awarded for the work go to as many local businesses and employ as many local people as possible.
This will also include offering apprenticeships to unemployed people in the affected areas to give them vital skills to move into work.
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 £50M to ensure that these areas are regenerated quickly and transformed into safe, attractive, vibrant and economically successful places to live, work and invest in.”