Croydon Council’s new three-year inward investment plan sets out how the council will bring partners, developers, investors and Croydon’s diverse communities together to support the regeneration of the town and district centres, and create economic opportunity for all.
‘Unlocking Croydon’s Potential’, which was approved at cabinet on Wednesday 25 September, sets out the challenges Croydon has faced and how these can be overcome to bring investment into the borough.
The council will work with businesses and residents to develop a new sustainable plan to regenerate the town centre, seek inward investment and apply for grants to revive the high streets and district hubs. The Mayor is bringing together key partners who will work together to bring more investment into the borough to benefit all residents.
The benefits to the borough will create new jobs, fill empty shops, make investment work harder for residents and businesses, and attract exciting new businesses into the borough.
Other benefits for residents will be enhanced community spaces as well as cultural and social venues, improved skills and training, increased safety and security, and a culture of enterprise created by attracting new businesses.
One of the first aims is to establish a working group of key partners who will bring external expertise to unlock the investment which will address the borough’s needs.
The council will continue to work with key partners, including Develop Croydon, the South London Partnership, Opportunity London, London Partners, Croydon’s Business Improvement Districts, and education providers, such as London South Bank University, which has a Croydon campus.
“This new investment plan reinforces our ongoing efforts to make Croydon a place of opportunity for business, earning and learning. We look forward to the benefits of working in a new public and private sector partnership to drive new investment for our borough. This will provide opportunities for all our residents and visitors.
“The new investment plan also reinforces our commitment to working with colleagues across departments and partner organisations to bring in maximum funds to our borough. It will help us to foster long-term growth and financial success, as well as generate more opportunities for our residents.
“We also look forward to working with developers and educational organisations, such as our university and local businesses, to provide a steady stream of skilled employees to fill exciting new roles. A key focus will be to boost the regeneration of the town centre given its vital role in our borough.
“The new investment plan will be a key strategy as we work to make Croydon, once again, the thriving economic centre of South London.”
Jason Perry, Executive Mayor of Croydon
