The Good Growth Fund is open now to a broad range of public, private and third-sector organisations including London boroughs, community groups and charities that drive regeneration in their local area.
Delivered in conjunction with the London Economic Action Partnership, Good Growth Fund will support projects that are inclusive, innovative and which demonstrate exemplary approaches to challenges faced across London.
The Mayor is particularly focused on improving London’s places – its shopfronts, high streets, community and open spaces - as well as funding projects that support specific industries and economic activity.
The Mayor of London, Sadiq Khan, said: “I am delighted to be launching this fund and making a real push to challenge the preconceptions of how regeneration happens in the capital.
“I am calling on boroughs, community leaders, business organisations and the huge pool of London’s creative talent to bring forward their ideas. Using the ingenuity of this city, people’s enthusiasm and our wealth of expertise, I have no doubt that together we can deliver many engaging, exemplary and innovative projects.”
Delivered through the LEAP, the fund will support up to 50% of the total project value, with the remainder covered by match funding from the applicant.
LEAP Board member, Dr Celia Caulcott, said: “We are delighted to be working alongside the Mayor to invest in regenerating spaces and make them better for all Londoners. Ensuring more first-class environments that reflect the realities of living and working in the city will help Londoners of all ages and backgrounds to feel they are part of their local communities, as well as improving their health and wellbeing.”
