EXCLUSIVE London riots: Boris Johnson says businesses will get banks’ help

15:25 17 August 2011

Mayor of London Boris Johnson meeting people in Tottenham after the riots

Mayor of London Boris Johnson meeting people in Tottenham after the riots

Archant

Mayor Boris Johnson has exclusively told London24 how he is working with banks to provide extra help to businesses struggling after the riots.

Mr Johnson said: “I have been talking to banks and we are setting up a special cash fund to help businesses with cash flow problems.

“This is in addition to pledges we’ve had from banks to give zero per cent interest loans from RBS, Barclays and HSBC.”

Mr Johnson said restoring business confidence and providing the help needed are priorities after the riots.

He added: “We are working to get cash out there as soon as possible. On economic regeneration, we are focusing on areas which we think need help as soon as possible and that will be in place within the next couple of days.”

No firm details on the banking initiatives are available yet but they will be in addition to money already pledged to help riot-hit areas.

A £50m regeneration fund is to be ploughed into large-scale projects across London, while another £20m funding has been pledged to transform Tottenham and Croydon, two of the worst affected areas in the violence.

Also during his interview with London24 Mr Johnson vowed to keep up the fight against police cuts.

He said: “We want to keep the numbers high and make sure the police have the support which they need and that is what they are going to get from City Hall.

“Obviously, we want to see robust and effective policing and we want to see people who broke the law arrested and given the justice which they deserve.

“I think the government understands our point of view and understands we need to keep numbers high and that’s the point I’m going to keep fighting for and which I will keep making.”

Mr Johnson spoke of his pride at how Londoners have rallied after the shocking scenes of riots and looting.

“One of the most inspiring things about the last 10 days was watching ordinary Londoners picking up brooms and coming to help get businesses back on their feet by spontaneously raising money,” he said.

Tell us what you think. Is enough being done to help the city recover from the riots? Will the regeneration money pledged make a big difference? Do you welcome the proposed help from banks to get businesses back on their feet? Add your comments below.

Related articles

Sign up for our news alerts today!

Our editors' picks for the day's top news delivered to your inbox or phone.

Sign up for email alerts Sign up for mobile alerts
1
2 3 4 5 6
7

Latest Stories from SNAP.PA

Danny Dyer was worried he had offended Mary Berry by licking her ear during a drunken acceptance speech at an awards ceremony.

Read more

The robot is an extension of the surgeon’s arms – it’s not doing anything independently.

Read more

The band rocked the socks off their fans at the landmark London venue tonight – including magician Dynamo.

Read more

Promoted content

Valentine's Day Afternoon Tea

London Hilton on Park Lane is inviting couples to celebrate this Valentines Day over a deliciously romantic afternoon tea at Podium Restaurant and Bar. Taking inspiration from the highly popular Confessions of a Chocoholic Afternoon Tea, London Hilton on Park Lane presents the ultimate romantic afternoon out with its Valentine’s Day Afternoon Tea.

Established in 1987, Tucci is one of the North's premier stores for branded clothing, footwear and accessories.

Save up to 70% on designer brands for Men and Women, including G-Star, Diesel, French Connection, Firetrap and many more….our sale is now on.

Valentine's Day in London

If you’re struggling over what to buy for the special person in your life in your life, our Valentine’s Day in London section is here to help.

The robot is an extension of the surgeon’s arms – it’s not doing anything independently.

The rise is levelling off but we can’t be complacent, say researchers.

The lollipop man has been unable to return to work since the attack.

Finding the jet remains a priority for Malaysia.

TOP Stories

Yesterday, 15:41
Paul Kohler was left with horrific injuries [Photograph from Metropolitan Police]

A professor who was savagely beaten in his Wimbledon home by a gang of Polish burglars said the attack should not be used to justify racism, and praised the local Polish community.

Yesterday, 12:24
Snoopy is now free and seems well [Photographs from London Fire Brigade]

London Fire Brigade have rescued a horse called Snoopy who was stuck in water up to his neck in marshland near Erith.

Yesterday, 10:47
Oh my god this looks like so much fun! (Picture: Pearlfisher Gallery)

A giant ball pit for adults has opened at a gallery in London and it looks absolutely amazing.

London Bloggers

Monday, December 22, 2014
Around 25 per cent of the population self-identity as having no religion yet still enjoy the fun of Christmas (Photo by Oli Scarff/Getty Images)

It’s Christmas time. We know this by the light-adorned streets, the mobility hazard posed by boxes of Quality Street, Roses and Celebrations in every supermarket’s entrance and, of course, the incessant radio-plays of Mariah Carey’s All I Want for Christmas Is You.

Thursday, November 27, 2014
The main room at the Museum of Comedy (Pic: Steve Ullathorne)

This week I visited the Museum of Comedy located at the corner of Museum Street and Bloomsbury Way in the crypt under St George’s Church.

Thursday, November 27, 2014
Bird Lovegod

I genuinely and honestly have only a slight problem when it comes to buying domain names.