West End Businesses have voted to commit a further £40M investment over the next five years.
New West End Company, which represents 600 businesses on Oxford Street, Bond Street, Regent Street & in Mayfair has had its mandate renewed for a further five years. 98 per cent of West End retail, leisure, hospitality businesses and property owners voted to invest £40M into services to enhance and progress the district and it recovers from the impact of the pandemic.
The five-year investment will be focussed on rebuilding customer & investor demand and supporting the recapitalisation of businesses, returning the district to £10bn annual turnover, securing its status as an economic powerhouse to the UK economy.
Jace Tyrrell, Chief Executive at New West End Company, said: “We are hugely grateful to West End businesses for trusting us to deliver for them and with them for a further five years working with our partners at Westminster City Council, the Mayor Office, and with local neighbourhoods in and around our district. Our plan, guaranteeing £40m of investment across our district, focusses on the areas where we know we can make a difference at this critical time.
