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London businesses set up a High Street fund for riot hit retailers

by Benjamin Reynolds

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London has showed unity following the riots earlier this month by creating a charitable fund, which offers immediate cash support to retailers affected by damage and violence by rioters. Many businesses in areas including Tottenham, Oxford Circus and Croydon, were destroyed during the four day rampage, and those effected will now be able to apply for financial support from the £3million fund.

A collection of businesses and London boroughs have contributed to the fund, supported by London Mayor Boris Johnson, which contains £3m cash funding as well as £500,000 from the Mayor, which is being specifically kept for businesses in London.

The London Boroughs of Barnet, Bexley, Croydon, Merton, Redbridge, Tower Hamlets, Richmond, Haringey, Enfield and City of London have all contributed to the fund. Support services will also be available from businesses including Barclays, BP, Capita, Deloitte, Lloyds Banking Group, RBS and Santander.

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