Minister says package includes 拢217m of new money for the Olympic legacy

Thames gateway minister Bob Neill unveiled a 拢500m funding package for regeneration schemes in and around the Olympic Park to ensure public realm improvements after the 2012 games.

Bob Neill said the money proved that the regeneration region was 鈥渙pen for business鈥� despite the scrapping of the dedicated fund for the Thames Gateway in the Comprehenesive Spending Review. Neill said 拢300m of the money was being given to the Olympic Delivery Authority for transformation works after the games, with 拢217m being given to other organisations to prepare the site for redevelopment.

Neill told delegates at the Thames Gateway Forum that local authorities and businesses would now have to help lead its development. He said: 鈥淩umours of the Thames Gatewy鈥檚 demise are somewhat wide of the mark. In future the government will play it鈥檚 part, being a full partner in making it a better place. But it鈥檚 future lies in your hands.鈥�

As predicted on 好色先生TV this morning, Neill also announced the formation of a new leadership body for the Thames Gateway, the Thames Gateway Strategic Board, which will led be him and London mayor Boris Johnson, to guide high level policy decisions.

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