Mayor Boris reveals boost for riot hit businesses in East Ham
Riot-hit small businesses are to get a �3million lift to help them return to normality after the London riots.
The crisis fund for shops damaged in the disturbances were revealed in Newham today.
London Mayor Boris Johnson unveiled the scheme during a visit to High Street North, East Ham.
The ‘High Street Fund’ will hand out cash grants to firms struggling to get back on their feet after widespread disorder interrupted trade, earlier this month.
Mayor Johnson visited shops in High Street North, between the junction with the police station in Barking Road and East Ham Tube station on Station Parade.
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A total of �3 million is available for business which apply. No repayment is required, as the money is free and is not a loan.
Around �2.5 million was donated by big-name banks, including RBS and Lloyds - bailed out by taxpayers during the 2008 banking crisis.
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A further �500,000 was contributed by City Hall toward the effort.
“I have seen at first hand businesses showing remarkable resilience and true fighting spirit,” said Mr Johnson.
“However, it is no secret that many high streets in the capital are still suffering as a result of the appalling events earlier this month.
“Small businesses need urgent help to repair damage and get goods back on the shelves and the High Street Fund will help to do just that.
“I have absolutely no doubt that if we pull together and give our support to the fund we can ensure that London emerges as a stronger and even more prosperous city than before.”
Boris met with businessmen and women who backed the campaign.
If your business could use a slice from the cash pot, apply at: http://www.thehighstreetfund.co.uk/howtoclaim.htm