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Protecting our high streets and retail sector is vital, which is why my draft London Plan and my Economic Development Strategy encourage boroughs to deliver strategies in partnership with local businesses and residents, for the regeneration that London’s high streets and town centres need.
I continue to campaign for the full devolution of business rates, so we can address London’s unique business environment and safeguard businesses and jobs that so many depend on.
£26m of my Good Growth Fund investments have been directed towards high street and town centre improvements. I have reconvened a High Streets Sounding Board including a range of external experts to advise me on how best to address some of the challenges the retail sector is facing.
I have recently funded a Night Time Enterprise Zone pilot project in Walthamstow to help boost the high street with increased activity after 6pm.
Earlier this month, I also launched a range of new, free-to-access support options for London’s small businesses as they prepare for Brexit, via nine new physical London Growth Hubs across the city. The London Growth Hub brings together the capital’s business support offer into a single online resource and is now being expanded to also offer in-person support.