Croydon Tech City (2)

Meeting: 
MQT on 2014-03-19
Session date: 
March 19, 2014
Reference: 
2014/1692
Question By: 
Steve O'Connell
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor

Question

Are you also aware that Croydon is second only to Hackney in terms of the speed it its start-up growth?

Answer

Answer for Croydon Tech City (2)

Answer for Croydon Tech City (2)

Answered By: 
The Mayor

I am very aware of the fantastic growth of businesses in Croydon and across London. I identified Croydon as one of London's 33 opportunity areas and worked in collaboration with Croydon Council and TfL to prepare the Croydon Town Centre opportunity Area Planning Framework (OAPF).

The long term regeneration of Croydon town centre has been supported by a £23 million grant from my Mayor's Regeneration Fund, with over £26 million match funding from Croydon Council. As part of this grant, in conjunction with Croydon Council, I launched the 'Free For A Year' campaign, which offers 100 per cent relief on rates for the first year of occupation for new businesses and existing Croydon-based businesses that move into larger office space.