The London borough of Bromley is one of three towns that were recently awarded more than £400, 000 from the Outer London Mayoral Fund to invest in the development of their town centres. This investment is welcome news to both local home owners and Solicitors regularly Conveyancing in Bromley.
£308, 700 was given to Bromley, which the council plans to use for the improvement of shop-fronts, improving links between the green spaces of Church House Gardens and the High Street, amongst several other projects. Orpington's pedestrian route between the High Street and the station will be improved and Empire Square in Penge will also be upgraded. Though these works are intended to improve the character of the neighbourhood, they will also require improvement works and disruption in the short-term, of which buyers' Solicitors should be aware when Conveyancing in Bromley.
Leader of Bromley Council (Civic Centre, Stockwell Close, Bromley, BR1 3UH), Stephen Carr, said: "This is very welcome news for the borough and we will invest this money to support our ongoing work and give our town centres a much needed boost. We recognise that we missed out in some areas but we will press on in round two and continue delivering support for all our town centres".
The news is also positive for home buyers thinking of purchasing dwellings in the area and will assist in boosting the economic growth of the town, as well as revitalising the high streets.
Just weeks ago, figures revealed that unemployment had marginally increased in Bromley during June 2011. Bromley's overall unemployment remains at 2. 8 percent, lower than the national average of 4. 2 percent and London rate of 3. 7 percent.
The council has been given immediate access to the funds which means that they can plough ahead with their projects, in addition to providing home owners and residents with the assurance that the town will rebound from the negative effects of the economic decline.
Ambitious buyers looking to take advantage of lower prices before these works are completed would benefit from the practiced eye of a local Solicitor, with plenty of experience Conveyancing in Bromley.