The Government office for London is currently negotiating a Local Area Agreement with the London borough of Bexley. The agreement will bring together funding streams from various Whitehall Departments. It offers Bexley the opportunity to work more flexibly to achieve its own locally agreed priorities and will include reward grant for enhanced performance in some of those priority areas.
The Housing Corporation has allocated over £15 million in its 2006-08 housing programme to support schemes in the London borough of Bexley.
Under our Thames Gateway programme Bexley is receiving £35 million over the period 2004-05 to 2007-08 to support a range of projects from town centre regeneration to managing marshland, and to fund the Bexley Regeneration Partnership. Further funding for a project to refurbish and renovate the Crossness pumping station is currently under consideration. English Partnerships is providing funding of £200,000 to support masterplanning on the Erith Western Gateway Project in the borough.
The East Thamesmead Centre for Innovation is also receiving £2.5 million capital funding from the European Regional Development Fund between 2004-05 and 2006-07. The aims of the project include providing incubation space for new and expanding businesses, and accommodating an innovation and business development support service.