Mayor pledges funds for design

Mayor Ken Livingstone this week pledged his support for London’s creative industries and announced the launch of the London Regional Venture Capital Fund. The fund will invest up to £500 000 in small businesses in London.

At a meeting organised by London First Creative Business Network, the Mayor also announced that he is establishing centres of excellence in London to encourage skills and knowledge sharing for small companies and individuals in the creative industries.

Livingstone says, ‘London is rich with creative talent, but the industry has little of the investment it requires. I am committed to working with the industry to address the challenges it faces and maintain London’s continued success as the creative capital of the world.’