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 business news

Monday, June 15, 2015
Proposed tower at 22 Bishopsgate and [insert] view from The Momnument looking north [image: Hayes Davidson]

Designs for the proposed tower at 22 Bishopsgate have gone on show for the first time today in a public exhibition before the modified post-recession scheme is submitted for City of London Corporation approval later this summer.

Sunday, May 31, 2015
Silicon roundabout

Councillors in Hackney and Islington say they would welcome any investment into Tech City as government plans to transform the Old Street roundabout remain a mystery.

Tuesday, May 26, 2015
Conference on how start ups can make the most of collaborating with corporates

Start-ups were advised to be confident and know their worth when doing business with bigger companies at a conference about how they could effectively collaborate with larger corporates.

Tuesday, May 19, 2015
Meg Hillier, representative for Hackney South and Shoreditch, during a photocall for Labour MP's at The House of Commons, Westminster.

MPs for Tech City have voiced their recommendations on how to ensure the technology powerhouse continues to thrive under the new Tory government.

Saturday, May 9, 2015
Russ Shaw speaking at Tech London Advocates conference

A new report has highlighted three major issues that could seriously affect the growth of Tech City.

Friday, May 1, 2015
Jessica Ellis and Tom Hankin are the brother and sister team behind Ambam

Looking for something extra special from shops on your local high street? Then try new social network Ambam, created especially for Londoners.

Competitions

Good times with Greenall's!

Good times with Greenall’s, a Great British gin sponsors Great British racing.

Read more
Escape to the picturesque sights of Cornwall

Summer is finally here, and what is the number one holiday location in the UK during the warmer months? Cornwall, of course!

Read more
Adrenalin junkies, this one's for you!

An icon of British engineering and a consistent favourite of James Bond, there are few names quite as legendary in motoring as Aston Martin.

Read more

London Bloggers

Monday, April 13, 2015
Vintage fashion shopping is a joy in London (Photo by Graham French/BIPs/Getty Images)

In with the old, out with the new. This is the mantra of the best London vintage shoppers today, whose aesthetic of effortless chic is becoming more sought after.

Wednesday, April 8, 2015
Eating the right foods can significantly improve your mood

Think sweet treats make you feel better? ‘Comfort foods’ could be adding to your misery.