The Old Kent Road is among 70 high streets in England that will receive a share of £830 million of Government funds to help boost their recovery from the Covid-19 pandemic.
A total of 15 high streets have been awarded £255 million and 57 more areas will be given provisional funding worth a total of £576 million.
Old Kent Road in Southwark, which has its own action plan development area, will receive £9,605,854.
Woolwich (£17,150,964), and Putney (£1,058,706) will also receive provisional funding.
Communities secretary Robert Jenrick said the money from the Future High Streets Fund would “help our much-loved town centres get through this and prosper into the future”.
He added: “The year ahead will be a big one for the high street as it seeks to recover, adapt and evolve as a result of the pandemic.
“Today’s £830 million investment from the Future High Streets Fund is one of many ways the government is working to help our much-loved town centres get through this and prosper into the future.
“This investment will help us build back better and make town centres a more attractive place to live, work and visit.”
Plans to build more than 20,000 homes along the route of the Bakerloo Line extension, along the Old Kent Road, moved a step closer this month after consultation with residents.
Southwark council has put forward a revised plan for one of London’s largest regeneration schemes – along one of Britain’s oldest and most historic thoroughfares, the Old Kent Road.
Town hall chiefs say there have been significant changes in response to feedback from the local community. They have put forward a scheme which aims make the zone net carbon neutral by 2030, – and for development in the area to be car free.
The scheme also includes five zones where important and characteristic buildings are protected.
The investment-boosting Future High Streets Fund, initially created by then-Chancellor Philip Hammond in the 2018 Budget, enables councils to boost town centres, before the pandemic wrought havoc to the economy.
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