Hot on the heels of Wednesday’s Budget, the Government yesterday approved the Croydon Growth Zone.
The idea was the brainchild of Croydon Council and I’ve been working hard behind the scenes to get Government support for it, meeting recently with the Chancellor, the Secretary of State for Communities & Local Government and the Deputy Mayor of London.
In essence, the Government is allowing Croydon Council to retain 50% of new town centre business rates as well as providing £7 million of funding to help the Council deliver key infrastructure projects that are vital if the regeneration of our town centre is to proceed.
This kind of lobbying is a key part of an MP’s job. And this project is also a good example of how politicians from different parties can work together for the good of the town. Council Leader Tony Newman and I may not agree on everything, but we are as one when it comes to the need to transform our town centre. It was good to hear him
singing the Government’s praises for once, welcoming “this vital backing from central government [which] is set to bring huge economic benefits to our residents and transform Croydon”.