Mayor agrees extra £10.5 million fund to tackle Covid-19
The Mayor of Tower Hamlets, John Biggs, has established a new £10.5 million fund using money received from a central government fund of £1.6 billion announced on 19 March that will support local authorities with some of the cost of supporting residents, businesses and local organisations tackling the impact of coronavirus. Councils are able to make their own decisions about how the funding is distributed locally.
A new service investment fund (SIF) is the latest in the council's response to coronavirus and will focus on supporting vulnerable residents and those badly affected by a sudden loss in income. Providing extra money to support vulnerable people who may also have limited social and family networks will make up much of the funding, with further funding for others including rough sl...