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Business, Regeneration

Major boost for Streatham and West Norwood high streets

Major investment is on the way for West Norwood and Streatham town centres after Lambeth Council successfully bid for almost £3 million from the Mayor of London’s Outer London Fund Round 2.

The funding will be used to improve the look of the town centres, as well as to support a range of cultural and community events and support local businesses.  

Lambeth Council match funding has now been confirmed in principle, meaning work can now begin to develop the details of a range of projects and initiatives.

Shop fronts will be improved to make the high streets more attractive to shoppers, work will be undertaken in Streatham High Road to remove the central reservation and to make the road more pedestrian friendly, and funding will be made available for community events that build on the current popularity of West Norwood’s Feast and the annual Streatham Festival.

Cllr Nigel Haselden, Cabinet Member for Regeneration on Lambeth Council, said: “This is fantastic news for Streatham and West Norwood and is vital investment when High Streets across the country face such a challenging time. Our success in attracting this level of funding, one of the highest amounts in London, is a real achievement that will make a huge difference in boosting our town centres.”

Lambeth Council has successfully bid for more than £1.6 million for Streatham and almost £1.3 million for West Norwood. It has come from the Mayor’s Outer London Fund Round 2 Programme.

The Mayor of London, Boris Johnson said: “London’s town centres and high streets have a hugely important part to play in the capital’s economy so it’s vital we pull out all the stops to make them attractive places to visit, work and do business. It’s great to see that my Outer London Fund is helping to deliver such great results in the Lambeth area.”

The funding is for 2 years and Lambeth Council will provide 30 per cent match funding. Across both programs and subject to further testing through the design and development phase it is estimated that this will amount to around £900,000. 

In Streatham, the proposals being developed include:

 •           A programme of improvements to the appearance of shops to boost the areas attractiveness to shoppers

•           Support for Streatham’s businesses through business awards, networking and advice.

•           Support for the Streatham Festival to help it build on its popularity

•           Street improvement work along Streatham High Road.

In West Norwood, the funding is proposed to be used to support activities such as:

•           Make a range of improvements to the public realm to improve the attractiveness of the town.

Support for the popular West Norwood Feast

•           Improve shop fronts

•           Support West Norwood’s businesses through practical advice and support.       

The Outer London Fund is part of a major package of investment which aims to boost local high streets, deliver growth, new jobs and improve lives. This package is made up of the Mayor’s £70m Regeneration Fund and £50m from the Mayor’s Outer London Fund, plus additional match funding from local boroughs.

 23 projects across 18 boroughs will benefit from the Round Two funding.

 For more see www.london.gov.uk

 

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