Mayor of London Boris Johnson has pledged major regeneration to transform Croydon following the riots.

The £20m of Government funding announced today, brings the Mayor's total fund to regenerate London's businesses affected by the riots to £70m.

The London Enterprise Fund, will specifically focus on the regeneration of Croydon and Tottenham, which Mr Johnson had identified as regeneration priorities before they were damaged in the riots.

The Mayor and his team will work closely with local people, businesses and the Council to determine the best ways to invest the money.

The fund is designed to provide swift improvements, so money could be invested in transport, the buying and rebuilding of affected properties and funding business rate relief as well as supporting employment.

Mr Johnson said: "We will rebuild and repair every part of our city that has been damaged and help London's businesses get back on their feet.

"For the most badly affected areas, Croydon and Tottenham, it is vital we also use the opportunity to deliver long term improvements and create new jobs and skills that will benefit these communities for generations to come.

"With this support from Government, we can not only restore these town centres but create better, more prosperous places to live, work and invest in."

The additional money follows last week's launch of the Mayor's £50 million regeneration fund to help make major long term improvements to the capital's town centres and high streets.

Communities and Local Government Secretary Eric Pickles, said: "This immediate investment will breath new life into both Croydon and Tottenham and enable them to get to grips with the unique challenges they face, but also move swiftly and quickly to maximise their potential for economic success."

You can get your hands on a special 'I Love Croydon' T-shirt signed by Boris Johnson in our charity auction.

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