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Policies SD1 and SD10 of your new London Plan state that you will provide support and leadership to “Strategic Areas for Regeneration”, which are within the 20% most deprived areas of England, with initiatives undertaken in collaboration with local communities. What funding and resources does the 2020/21 Budget make available to these communities, to empower them to shape their area’s future?
Supporting London’s Strategic Areas of Regeneration is a key aspect of my new London Plan. The Plan requires local authorities to engage and collaborate with their communities throughout the development of regeneration programmes for these areas. We’re also providing support from City Hall, particularly in Opportunity Areas, which include many Strategic Areas of Regeneration.
For example, in developing the Royal Docks & Beckton Riverside Opportunity Area Planning Framework officers have carried out over 20 stakeholder meetings, fifteen pop-up events, five stakeholder workshops, and set up a dedicated consultation website. These costs are met by general budgets.
Through the Good Growth Fund we’ve also supported initiatives in Opportunity Areas to support locally-defined delivery plans, for example at the Old Kent Road, in Bexley Riverside and in Kensal Canalside. Funding through the Good Growth Fund is now fully committed following my recent announcement of £23.7m to support over 40 projects in Round 3. There was an additional one year settlement for Local Growth Deal funding in the recent Budget, which was a key source of funding for the Good Growth Fund. We await further detail on the availability of longer term funding.