New regeneration fund announced by Boris Johnson

[jonnyrotten]

Looks tailor-made for Northumberland Development Project. :beer:

Source: www.regen.net

Johnson launches £50m fund for London's outer boroughs

By Michael Donnelly Monday, 28 March 2011
London mayor Boris Johnson has unveiled a new £50 million fund to boost regeneration schemes in outer-London boroughs.

Launching the fund during a visit to Bromley town centre today, Johnson said the money would "specifically target those boroughs which benefit less directly from the 2012 Games and Crossrail and will accelerate a pan-London economic recovery advancing job opportunities not just for a few but for many".

Boroughs that qualify will be able to bid for a slice of the fund to enable developments that are "at a tipping point" to go ahead, according to the mayor.

Johnson said his Outer London Commission, set up to look at ways to boost the economies of the outer London boroughs, will now "test and advise on how the bidding process will work including criteria for potential bidders".

He said: "I am delighted that after months of hard negotiations we have secured a significant pot of money to help projects really motor and we now have the means to nurture developments, increase work and leisure opportunities and make futures bright.

"It is vital we address the historic neglect of the outer boroughs that preceded this mayoralty and this is one of the ways we can start delivering growth."

[email protected]

 

[kishman]

We could do with a lot more than 50m GBP. But every little helps. I guess this will be moved to the Stadium forum.

 

[ThorntonSpur]

interesting would you consider haringay as outer london??

barnet enfield barking definately but not so sure haringay is.

 

[tommo84]

Looks tailor-made for Northumberland Development Project. :beer:

Think you're being rather optimistic to be brutally honest.

By the looks of it that £50m is going to be spread pretty thinly across a number of projects around 'Outer London'. Seeing as the NDP is a £500m+ project I don't see it having any impact by itself, even if Haringey is one of the boroughs which gets a larger slice than most.

 

[sloth]

Just to let you know, this is already being discussed in the New Stadium thread: http://www.spurscommunity.co.uk/forums/showthread.php?t=38802&page=287

 

[Dan Ashcroft]

Even if we got all £50m, we're still £150m down on the difference from the OS (i.e £400m from £450m, cf £250m).

 

[Bobbins]

I didn't see him in Bromley today. But then I was only in M&S for 5 minutes buying a paella in a pot. Yum.

 

[Krafty]

The government isnt that stupid, they arent going to suddenly announce millions and millions just for Haringey, if we could spot that they are diverting funds to Spurs as a result of our OS bid then the journalists will be on it in a flash.

I expect lots of little trickles, announcements made under the scope of bigger announcements, and for this to go on a long while yet until everyone has moved on to the next big thing

 

[OmarsComing]

http://www.thisislondon.co.uk/stand...wo-more-enterprise-zones-like-canary-wharf.do

Boris Johnson plans to bid for two more enterprise zones for London to help boost the capital's economy.

The Mayor hopes to create Canary Wharf-style business neighbourhoods in Croydon and Tottenham.

He was given approval by the Treasury last night to apply for extra zones in addition to the one already announced for the Royal Docks. George Osborne heralded the return of the enterprise areas, pioneered by Margaret Thatcher, in his Budget yesterday in a bid to boost growth.

Some 21 new zones will be created offering firms deep discounts on business rates, super-fast broadband and reduced planning restrictions.

The Treasury confirmed that all the zones would be up and running from April next year.

More than 300 acres in London's historic Royal Docks, adjacent to City airport, will be given enterprise zone status, potentially creating thousands of jobs.

Business owners in the Newham zone said today it was "fantastic news" for one of the capital's most deprived areas. Jim Shaikh, 44, who runs Yoomi, a business that sells self-warming baby bottles, said: "We had thought about moving out of Newham but with these enterprise zone changes coming in, it would definitely encourage us to stay. It could totally regenerate the area."

He added: "Royal Docks is a place that is ripe for growth. Hopefully this enterprise zone is going to really improve this place and made it a real hub for big and small businesses." But he said for that to happen transport links needed to improve.

Ramez Mohabaty, from Best4business Accountants, said: "We operate locally so anything that brings more businesses into this area is a fantastic thing for us."

The zone will be set up in the first wave and the Treasury has invited bids from local authorities for the creation of 10 more.

The Mayor wants two extra zones so Croydon and Tottenham benefit from the same perks. He has already been in talks with Haringey council about setting up a development corporation in Tottenham.

Although the other proposed area, Croydon, is an established business community and is much wealthier, City Hall aides said it had been hit during the downturn and showed great promise as a growth area.

The capital's recently created Local Enterprise Partnership will be allowed to keep any extra business rates raised for up to 25 years to promote growth elsewhere in the capital.

 

[BuffaloSid]

im sure quite a few needy areas will benefit and that can only be a good thing however in reality its a tiny amount of money when spread through populations of a few million.

 

[RichieS]

http://www.thisislondon.co.uk/stand...wo-more-enterprise-zones-like-canary-wharf.do

Boris Johnson plans to bid for two more enterprise zones for London to help boost the capital's economy.

The Mayor hopes to create Canary Wharf-style business neighbourhoods in Croydon and Tottenham.

He was given approval by the Treasury last night to apply for extra zones in addition to the one already announced for the Royal Docks. George Osborne heralded the return of the enterprise areas, pioneered by Margaret Thatcher, in his Budget yesterday in a bid to boost growth.

Some 21 new zones will be created offering firms deep discounts on business rates, super-fast broadband and reduced planning restrictions.

The Treasury confirmed that all the zones would be up and running from April next year.

More than 300 acres in London's historic Royal Docks, adjacent to City airport, will be given enterprise zone status, potentially creating thousands of jobs.

Business owners in the Newham zone said today it was "fantastic news" for one of the capital's most deprived areas. Jim Shaikh, 44, who runs Yoomi, a business that sells self-warming baby bottles, said: "We had thought about moving out of Newham but with these enterprise zone changes coming in, it would definitely encourage us to stay. It could totally regenerate the area."

He added: "Royal Docks is a place that is ripe for growth. Hopefully this enterprise zone is going to really improve this place and made it a real hub for big and small businesses." But he said for that to happen transport links needed to improve.

Ramez Mohabaty, from Best4business Accountants, said: "We operate locally so anything that brings more businesses into this area is a fantastic thing for us."

The zone will be set up in the first wave and the Treasury has invited bids from local authorities for the creation of 10 more.

The Mayor wants two extra zones so Croydon and Tottenham benefit from the same perks. He has already been in talks with Haringey council about setting up a development corporation in Tottenham.

Although the other proposed area, Croydon, is an established business community and is much wealthier, City Hall aides said it had been hit during the downturn and showed great promise as a growth area.

The capital's recently created Local Enterprise Partnership will be allowed to keep any extra business rates raised for up to 25 years to promote growth elsewhere in the capital.

If I lived in a London borough I would be absolutely livid that after all the money that's been thrown at East London (and specifically Newham) for the Olympics, they've got this enterprise zone thing as well.

Good news if Tottenham gets one too though.