A new fund will be set up to help businesses which have been impacted by recent terror attacks and the Grenfell Tower fire.
The announcement on Monday (July 3) by London mayor Sadiq Khan will see £300,000 set aside for businesses which have been unable to trade or have otherwise been directly affected following recent tragic events in the capital.
He has instructed City Hall officials to establish the fund urgently so that companies, particularly small businesses, can obtain funding and access support immediately.
The Mayor says it will ensure businesses receive the advice and support they need to get back on their feet, and wants the government to match his support and investment.
Mr Khan believes the city’s businesses situated close to Westminster Bridge and London Bridge, and the Grenfell Tower fire, are amongst the hidden victims of the recent horrific events seen in the capital.
He said: “London has endured a very difficult few months and no one will ever forget the lives lost and people injured in recent terror attacks and the Grenfell Tower fire.
“While the human cost of these events has been unimaginable, there has also been a financial cost to many businesses which have found themselves unable to trade.
“I want this fund up and running as a matter of urgency so that it can help those businesses, particularly family owned or small ones which may be struggling due to these appalling events.
“I will also be asking the Government to match this funding pound for pound.”
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