It was announced this morning that a £20 million fund has been created by Communities and Local Government. The London Enterprise Fund will be used to help create and regenerate businesses in Tottenham and Croydon, helping to immediately boost the economies of these struggling areas.
The fund hopes to create many jobs and apprenticeship opportunities for local residents, many of whom have been living in some of the worst areas for unemployment in the UK. This £20 million is is in addition to the £50 million high street improvement package put forward by Boris Johnson, which will help give as many people as possible, access to help following the riots.
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