Outer London offices part of £177m financial boost
Mayor of the capital Boris Johnson has revealed financial plans to boost some of the boroughs in which businesses have outer London offices.

In total, £177 million is being pumped into the city to help regenerate it, with a second round of financing from the £50 million Outer London Fund hoped to revitalise boroughs such as Harrow and Bromley.

Nearly £3 million is to go towards Harrow town centre, with the creation of a Business Improvement District and work to better transport access on the agenda.

Bromley is to receive more than £5 million, with Mr Johnson claiming almost 500 local firms with outer London offices here will benefit from several projects.

The £70 million Regeneration Fund will also be put towards developments such as a £5.3 million fashion outlet hub in Hackney town centre, new London offices and retail space in Southwark and the development of a Crossrail station in Ealing.

Mr Johnson commented: "London is the motor of the UK economy and prosperous local high streets are the collective beating heart."

He added investment in its town centres is required to bolster local economic growth.

Residents and businesses with London offices were also reminded by the mayor to take part in the public consultation on the transformation of 3,000 hectares of riverside land in east London.

The London Riverside Opportunity Area extends across Havering, Newham and Barking and Dagenham, and Mr Johnson said he believes thousands of jobs and new homes can be created as a result of the redevelopment of this area.

Part of the plans includes creating a Green Enterprise District to be at the forefront of green technologies.

"London riverside has the potential for tremendous economic growth," Mr Johnson said, adding the area offers a number of advantages, such as "available land for reuse, position, transport links and open spaces".

Posted by Emma Davies

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