Mayor of London Boris Johnson has announced Croydon and Tottenham will receive a £20 million funding boost after the riots that saw buildings destroyed.
The announcementof £20m funding is in addition to £50m already pledged by the Mayor’s office to London businesses.
A statement from the Mayor’s office added that the areas had “already been identified as regeneration priorities by Boris Johnson before they were appallingly damaged during the disturbances”.
The 150-year old building used by Reeves furniture store in Croydon was among those to be destroyed after being engulfed in flames during the riots.
The statement added: “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.”
Mr 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.”
Communities and Local Government secretary Eric Pickles said: “This immediate investment will breath new life into both Tottenham and Croydon and enable them to get to grips with the unique challenges they face but also move swiftly and quickly to maximise their potential for economic success.”