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London receives £230m boost in government funding

The government has announced the capital will receive £230m in an effort to boost the local economy.

The funding will be the first instalment of a series of "Growth Deals" for local regions across England.

The money will go towards supporting local businesses, creating jobs, building new houses and local infrastructure improvements.

BBC London's Political Correspondent Karl Mercer spoke to Renate Nyborg, founder of company PLEO, Cabinet Office Minister, Francis Maude and Kit Malthouse, deputy mayor for business.

  • 07 Jul 2014
  • From the section London