London mayor Sadiq Khan has launched a £70m regeneration programme to improve the capital's high streets, communities and open spaces.
Called the "Good Growth Fund", the programme is open to public, private and third-sector organisations including London boroughs, community groups and charities that drive regeneration in their local area.
The fund is part of ‘A City For All Londoners’, a document which sets out Khan's plans for growth in the capital.
I am delighted to be launching this fund and making a real push to challenge the preconceptions of how regeneration happens in the capital.
I am calling on boroughs, community leaders, business organisations and the huge pool of London’s creative talent to bring forward their ideas. Using the ingenuity of this city, people’s enthusiasm and our wealth of expertise, I have no doubt that together we can deliver many engaging, exemplary and innovative projects.
Here's what the money is going to be spent on:
- Empowering people by funding projects that will give Londoners the opportunity to actively participate in their local community and civic life.
- Improving London’s places – its shopfronts, high streets, community and open spaces – by funding projects that are part of a long-term wider effort to improve a place, make better use of the spaces we already have and making places work harder to benefit more people. He also wants to see projects that improve Londoners’ health and wellbeing.
- Growing prosperity by funding innovative projects that support specific industries and economic activity, create new jobs and places of work, and are accessible to the whole community.