£4.2million funding secured for Erith regeneration project
PUBLISHED: 15:17 10 March 2016 | UPDATED: 15:18 10 March 2016
The funding was secured this week
Plans to develop Erith have been boosted this week as Bexley council secured £4.2million worth of funding.
The money comes on top of a £2.7million fund from Transport for London’s local implementation plan.
TfL has no agreed to initial funding to provide improvements in the area, as well further investment over the next three to five years.
Funding will go towards the development and regeneration of sites in the town centre, as well as improving training and job openings for locals.
Mayor of London and chairman of the London Enterprise Panel, Boris Johnson said: “London’s numerous town centres support millions of jobs and are absolutely fundamental to our thriving economy.
“I am delighted that we have been able to support these hugely exciting plans in Erith that will trigger further investment in one of London’s main locations for growth.”
Linda Bailey, the council’s cabinet member for regeneration and growth said: “Combined with our own planned investment, we hope that this funding will help attract external investment to provide much needed new homes, jobs and opportunities for local people and businesses.
“The involvement of residents and businesses will be key to our success and we will be engaging with them throughout the programme, through a series of events and community activities.”