London’s main shopping district is looking to secure a £25 million investment to compete against other city centres and the internet.
Richard Dickinson, chief executive of New West End Company; Paul Kelly, managing director of Selfridges Group and Kit Malthouse, deputy Mayor of London for business and enterprise led a meeting with retail and property leaders earlier this week to unveil its five-year business plan.
The plan will commence in April next year to invest in and promote Bond Street, Oxford Street, Regent Street and the connecting roads. The area currently generates more than £7.6bn in spend a year.
“Our challenge over the next five years is to drive growth and investment; create a world class environment and deliver a game changer to end the wall of buses and congestion on our streets,” said Dickinson.