On June 13th, the Outer London Fund which had previously been announced by Boris Johnson, went live. This is a £50m fund to boost regeneration and rejuvenate town centres at the very heart of local London communities. The funding will be distributed in two rounds; up to £10m in Round One, the remainder in Round Two.
Round One applications had to be made through the Boroughs, so we held meetings with our local councillors and Lewisham. Thanks to our approach, Lewisham have now applied for Forest Hill as one of their places. We should hear in August whether they have been successful.
We are very excited by this as the Fund is aimed directly at the issues we have been campaigning on including letting empty units, greening of the Town Centre, better signage, improved environment, Pop Up events and removal of street clutter.
The second round will continue the package of support, adding more places and shifting the balance towards more substantial physical projects that can deliver lasting improvement. Round Two applications are required by midday on 14th October 2011 and are limited to £2M per place. We will continue working with Lewisham to develop their bid for Round Two.