The Mayor of London announced a £600,000 investment to support twelve high streets through the High Street Place Labs (HSPL) programme. Each town centre will receive £50,000 aimed at promoting inclusive economic growth and enhancing productivity in London. The investment is sourced from the Shared Prosperity Fund and is intended to revitalize high streets, making them more accessible and functional. Goals include creating affordable workplaces, repurposing vacant properties, and improving nighttime economies across various boroughs, ultimately contributing over £100 billion to the capital's economy and fostering community development.
London's high streets will receive a £600,000 investment from City Hall as part of an economic growth initiative, benefiting twelve town centres each with £50,000.
Sir Sadiq Khan emphasized the importance of the High Street Place Labs (HSPL) programme in driving inclusive economic growth and supporting the London Growth Plan.
The funding aims to boost productivity and add over £100 billion to London's economy while protecting and improving high streets across the city.
Investment will be utilized by councils to develop affordable workplaces, repurpose empty shops, improve accessibility for everyone, and enhance the evening and night-time economy.
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