Life after the riots: Tottenham to receive £41m boost and Spurs will stay
Tottenham has received a double boost
It will receive the largest slice of Boris Johnson’s £70m regeneration fund and the money will be used to improve its disused and derelict properties on the high street, as well as those damaged in last summer’s riots.
It is hoped the money will help to create 2,000 long-term jobs, 500 construction roles over the next five years and 250 apprenticeships. Some 15,000 sq metres of new commercial space will be created and 100 new businesses will be set up.
The mayor’s regeneration fund was set up to support communities that were affected by the civil unrest last year. It includes £20m of government funding, while the rest of the money comes from City Hall.
Some £27m will be invested in North Tottenham and Northumberland Park to improve the transport infrastructure and public realm, which could help to support Tottenham Hotspur’s plans for stadium development.
A further £2.8m has been earmarked for improvements to the High Road, while £4.5m will be spent on an employment and skills programme.
Johnson said: “London is ripe for investment with falling crime, an unparalleled upgrade of our transport system plus all the benefits of a dynamic and creative workforce, and Tottenham in no exception.
“This is not simply about repairing the damage from mindless violence but turning around the ship of long-term unaddressed decline. I am determined that this money will see lasting change, bringing opportunities, growth and jobs, raising the sights of Tottenham’s young and instilling the belief that they have the same opportunities as others to realise their potential.
“Tottenham should never feel forgotten again as every one of its residents has a crucial part to play in the shining future of this great world city.”
Meanwhile, Tottenham Hotspur has committed itself to plans to build a new football stadium, shops, homes and leisure facilities to the area. It would represent an investment of hundreds of millions of pounds and encourage further private sector money to be pumped into Tottenham.
The football club’s chairman Daniel Levy said: “We have long said we could only invest in the area if we could see our commitment supported by others and that there was a real need to maximise the regeneration benefits and lift the wider area.
“We therefore see this as a commitment from the public sector to the Tottenham area and one which strengthens our ability to deliver a new stadium scheme with the potential to kick-start the long-term regeneration of North Tottenham.”