Croydon gets £100,000 for Old Town market rejuvenation
Published: 26th May 2012 15:17:31
A London borough has secured £100,000 of government money to invest in an area affected by the riots last year.
Old Town in Croydon was one of 12 chose "Portas pilot" areas, outbidding 370 other projects across the country.
Croydon Old Town Business Association said the money was not enough but "it has set the ball rolling".
The project aims to attract local traders to the area to open businesses, set up pop-up shops and open a food court in the piazza in Exchange Square.
The 12 areas will receive a share of the £1.2m fund which was made available after retail guru Mary Portas reviewed the proposed projects.
Trading in Surrey Street, which is at the heart of the Old Town, began after the area was granted a Royal Charter in 1276.
The money will go towards transforming the Old Town and surrounding streets, including Frith Road, Church Street and Exchange Square.
The bid by Croydon Old Town Business Association (COBA) and Croydon Council also includes plans to create a member-owned cooperative to provide small loans to people wanting to open shops in the area.
Kez Hassan, chairman of COBA, said: "We realise £100,000 is not going to be enough but we hope that this has at least started the ball rolling and the momentum now is to get more investment in the area.
"Earlier people would not even venture past this area, they felt it was messy, unkempt and unsafe. It has been a hot-spot for crime and gangs.
"We need to change the negative perceptions of Croydon and this will reset the foundations."
Graham Reeves, the owner of Reeves Furniture Store which was burnt during riots last August, said: "Rejuvenation is desperately needed in the area".
Councillor Vidhi Mohan, Croydon Council's cabinet member for communities and economic development, said: "It will be amazing to see Exchange Square finally brought to life. This is a hidden gem in the town."
Local Government Minister Grant Shapps: "Croydon's bid was absolutely exceptional, it scored on lots of different levels.
"Obviously Croydon has had some problems, I thinking of the riots last year, that's now well behind them and I think it's important to recognise the progress that's been made and back the excellent plans."
At 04:02:58 in WorldBank of England governor Mark Carney is to be quizzed by MPs over claims some of the bank's officials knew about alleged foreign exchange rate fixing.
At 04:00:06 in BusinessVirtu, a high-frequency trading firm in New York, has filed paperwork with US regulators for a public share sale.
At 03:51:00 in HeadlinesNew Zealand is to hold a referendum on whether to change the national flag, Prime Minister John Key has announced.
At 02:41:25 in WorldShipping in the Canadian city of Vancouver has been disrupted as container lorry drivers go on strike.
At 02:15:32 in HeadlinesThe US state of Colorado collected $2m (£1.2m) in taxes from newly legalized recreational marijuana businesses in January.
At 02:14:42 in PoliticsA specialist unit should be set up to provide expertise and support for public inquiries to make them more efficient, a Lords committee has said.
At 01:59:58 in ScotlandInsane Championship Wrestling has blood, violence, bad language and a rapidly growing popularity but it all began as a way out of tough times for its founder.
At 01:59:55 in PoliticsPostal voting is marred by "real fraud" and should be drastically scaled back, a Conservative MP has said.
At 01:56:52 in ScotlandChildren in Edinburgh may get a far shorter Christmas break in 2016 and 2017, according to the council's plan for school holidays.
At 01:55:35 in ScotlandScottish Environment Secretary Richard Lochhead is to make a statement to MSPs about a radiation problem at a nuclear test reactor in the Highlands.
Harvard CitationBBC News, 2012. Croydon gets £100,000 for Old Town market rejuvenation [Online] (Updated 26th May 2012)
Available at: http://www.ukwirednews.com/news/1431084/Croydon-gets-100-000-for-Old-Town-market-rejuvenation [Accessed 11th Mar 2014]
News In Other Categories
A specialist unit should be set up to provide expertise and support for public inquiries to make them more efficient, a Lords committee has said.
Insane Championship Wrestling has blood, violence, bad language and a rapidly growing popularity but it all began as a way out of tough times for its founder.
Football Association chairman Greg Dyke says a complete ban on players and club staff betting on football matches could soon be introduced.
With the doors to its brand new £1million training centre officially open, one of the UK's leading apprentice training providers, Bristol based S&B Automotive Academy, is showcasing its world-class facilities by launching a series of foreign student exchanges for the first time in its 41-year history. To get a flavour of what life is like as an apprentice in the UK, the Academy hosted 16 apprentice engineers and bus drivers from the G9 Automotive College in Hamburg, Germany, as part of a Europe-wide vocational training initiative called the ‘Leonardo Programme’ with support from the European Social Fund. In a reciprocal arrangement, S&B will be sending nine apprentices to Germany during February 2012 so that they can get an appreciation of life in the automotive industry on the Continent. A further three German exchange groups are being planned for next year. Designed to assist the development of vocational skills and training across Europe, including work placements for trainees, the Leonardo Programme has a budget of €1.75bn, which is helping to encourage UK organisations to work with their counterparts abroad. In what is expected to be another challenging year for employers in the UK automotive sector, S&B’s Chief Executive, Jon Winter, claims that the exchange initiative will bring many benefits to the Academy and its apprentices: “In a world of global automotive brands, it’s important for our learners to understand the international context of the industry they have chosen to make their career. This new exchange programme will enable apprentices and Academy staff alike to achieve a better understanding of the challenges and opportunities within the automotive arena in Europe. With the Academy’s influence also extending to the USA and Asia, there’s every possibility that this initiative could move further afield in the future.” Continued Winter: “The need for skilled technicians across the world is on the increase and we actively encourage our apprentices to look at broader horizons during their training. Many of them have already learned the phrase ‘Vorsprung durch Gelehrtheit’, quite simply, ‘Advancement through learning.” In the 2010/11 academic year, S&B doubled the number of successful Apprenticeships over the previous year with some 350 apprentices graduating from the Academy. At the same time, achievement levels reached an all-time high with an overall success rate of 85%. For those learners on the Advanced Apprenticeship three-year programme, success rates were even higher, at over 98%. PHOTO CAPTION: As part of their exchange visit, S&B Automotive Academy arranged for the German apprentices to visit Hampshire bus operator, Bluestar, at its Barton Park depot. The students are pictured with S&B’s Andy West (3rd right) and Steve Prewett, Bluestar’s Area Engineering Manager (2nd right). Ends http://www.sandbaa.com
Bank of England governor Mark Carney is to be quizzed by MPs over claims some of the bank's officials knew about alleged foreign exchange rate fixing.
A man has been shot in both legs in an attack in Londonderry.