Partner Article

London Councils secure £58 million government funding to help create thousands of jobs

The Mayor of London and Chair of London Councils have welcomed £58 million of new Government funding that his team will use to help create thousands of new jobs.

The money will be spent on developing schemes that will help the capital’s employers generate new jobs and provide Londoners with the skills to fill them.

Providing the jobs and skills to support soaring population levels in the capital is crucial and the new funding is on top of a £236 million ‘Growth Deal’ for London that was signed off with the Government last year.

The London Enterprise Panel, which is chaired by the Mayor, is at the heart of those plans and they will now consider where best to allocate the new funds, which have the potential to support up to 2,400 new jobs.

The Mayor of London and chairman of the London Enterprise Panel, Boris Johnson, said: “This extra cash will deliver real change and new opportunities in communities across the capital. We’ve got some fantastic proposals in the pipeline that will not only reinvigorate our town centres and colleges, but help people to learn, earn and fill thousands of new jobs.”

Chair of London Councils, Mayor Jules Pipe said: “Boroughs are hoping to use the £20million for London’s high streets to build on existing programmes which help traders adapt to the changing needs of shoppers and the local community.

“They are also looking forward to the opportunity to invest in more affordable space for start-ups, so they have somewhere to set up and grow their business.

“All in all, this funding will help keep the economic lifeblood of London flowing, which will benefit everyone, while the £38 million will help young Londoners better prepare for the labour market.”

This was posted in Bdaily's Members' News section by Ellen Forster .