Independent businesses on High Streets

Meeting: 
MQT on 2015-07-15
Session date: 
July 15, 2015
Reference: 
2015/2316
Question By: 
Joanne McCartney
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

A local survey conducted by the group We Love Myddleton Road, found that the top three shops people want to see on their local high street are a butcher, baker and an independent coffee shop. What action are you taking to help independent businesses on local high streets and encourage local residents to visit their local high street again?

Answer

Answer for Independent businesses on High Streets

Answer for Independent businesses on High Streets

Answered By: 
The Mayor

Since 2011 I have invested over £175 million in London's high streets, helping to create new jobs, support new and established businesses and celebrate and improve this vital home to London's economy and civic life. High Streets remain central to my vision for London's economic regeneration and we are in the process of delivering a further £9m of investment through the High Street Fund, and are currently drawing up the details on an additional new fund.

Both of these funds are focussed on nurturing new ideas and ways of working to encourage people to use their high street, as well as supporting existing communities and businesses.