Croydon has cautiously welcomed a £7m cash injection for its growth zone announced by the Chancellor in today’s Budget.
The government funding will go towards helping the council put in place proposals for the Croydon metropolitan centre which will create thousands of new jobs and homes for local people.
Today’s announcement comes after the council, GLA and partners lobbied central government for support in accelerating Croydon Labour administration’s £5.25bn regeneration programme, including 23,500 new jobs.
This further demonstrates Croydon’s importance to London and the south east.
“This is good news for Croydon and its residents, who will be the main beneficiaries of growth in our borough; however it is only a start towards ensuring Croydon has the much needed infrastructure improvements.
“We want to make sure that we are providing the right kind of growth that will improve the quality of life for local people.
“Tackling the shortage of housing is the council’s biggest priority and this announcement will help drive forward our plans to build thousands of new homes in Croydon while also creating thousands of new jobs.
“This funding boost is an important first step for our plans, and we look forward to continue working with the GLA and whoever forms the next government around our ambition for more devolved powers helping us achieve our full growth zone ambitions.”
Councillor Tony Newman, leader of the council