£3.9m cash boost to regenerate Erith town centre
PUBLISHED: 12:39 21 January 2016 | UPDATED: 12:39 21 January 2016
A bid to fund a project in Abbey Wood and Thamesmead was also successful
Erith town centre will receive a regeneration boost after a funding bid by Bexley council was successful.
The council has matched Boris Johnson’s London Regeneration Fund, meaning £3.9m of investment towards regeneration in Erith.
The money will finance major physicalimprovements to key areas of the town, particularly to the area between the Town Hall and the Post Office.
It will also pay for activities designed to re-energise the area and to improve training and job opportunities for local residents.
Linda Bailey, cabinet member for regeneration and growth, said: “The success of our bid is great news for the town.
“Erith has huge potential and our aim is to ensure it is developed in a sustainable way, with well-designed improvements that deliver the results local people need.
“We have also made complementary bids to two further funds managed by the mayor of London and hope to be able to say more on that in the next few weeks.
“I am also delighted that Peabody, one of our key partners, has also made a successful bid to the fund for a project in Abbey Wood/Thamesmead, and we are looking forward to working with them.”
This bid will transform the area around Abbey Wood’s new Crossrail by the creation of a new temporary mixed-use high street at Harrow Manor Way with shops, food and drink outlets and leisure uses.
The £1m funding will be used to build a temporary campus to stimulate commercial activity and business growth and also transform the environment of Harrow Manor Way.
The improvements are set to attract local and new traders and entrepreneurs, complementing the council’s Abbey Wood and South Thamesmead Housing Zone, where Peabody will deliver over 1,300 new homes.
The London Regeneration Fund is administered by the mayor of London and aims to re-energise the capital’s high streets and create great places to visit, live and do business.
Mayor of London Boris Johnson MP said: “High streets and town centres the length and breadth of London are a hive of economic activity fuelled by creative minds.
“It’s important that we make sure they continue to meet the needs of a rapidly evolving city and the talented people who are key to its future success.
“It is fantastic to see so many applicants to this fund, offering innovative ways to nurture and support the dynamism and creativity that will power our economy in the years ahead.”