London mayor Boris Johnson has pledged an extra £20million to Tottenham and Croydon, two of the worst affected areas in the recent riots
The funding brings the total regeneration pledge towards businesses hit by the riots in the capital to £70 million.
The cash could be allocated towards investment in transport infrastructure, buying up and rebuilding affected properties, funding business rate relief and supporting employment.
Johnson said: ‘We will rebuild and repair every part of our city that has been damaged and help London’s businesses get back on their feet.
‘For the most badly affected areas, Tottenham and Croydon, it is vital we also use the opportunity to deliver long term improvements and create new jobs and skills that will benefit these communities for generations to come.
‘With this support from government, we can not only restore these town centres but create better, more prosperous places to live, work and invest in.’
The mayor and the communities secretary Eric Pickles visited Tottenham today to unveil the support package.
Pickles said: ‘Just as we want the whole of the country to share in the benefits of economic growth so too do we want the whole of the capital to be thriving.
‘This immediate investment will breathe new life into both Tottenham and Croydon and enable them to get to grips with the unique challenges they face but also move swiftly and quickly to maximise their potential for economic success.’
Riots: more cash to rebuild Croydon and Tottenham