London Enterpise Panel backs four new projects to drive jobs and growth in the capital

04 October 2013

The Mayor of London, Boris Johnson has announced a shortlist of four new projects in line to receive a share of a £40million fund for regeneration and business support schemes across the capital. The four projects were selected by the London Enterprise Panel (LEP) at its meeting on 2 October 2013 and include:

  • an upgrade of Hackney Wick station;
  • a support facility for new manufacturing start-ups in Hayes, west London;
  • a Camden project to support entrepreneurs; and
  • a business-led recruitment agency to help local people find employment in financial services.

The LEP is supported by £111m secured by the Mayor from the Government's Growing Places Fund. A total of 32 projects bid for a share in the £40m second round of the Growing Places Fund, which also includes a £25m allocation for a finance scheme for small and medium sized businesses. A number of projects including support for Film London, apprenticeships and an exports programme have already been allocated funding. A further £40m has been allocated to transport projects in Ealing, Bexley, Enfield and the West Anglia Route in North London.

The Mayor of London, Boris Johnson, said: “These four ambitious proposals hold the key to a brighter future for many of London’s communities and we are delighted to be taking them forward for development. The London Enterprise Panel has a crucial role to play in supporting jobs, regeneration and new businesses, maintaining our competitive economic edge, and preserving London’s position as the best big city on earth.”

4 October 2013