Southwark Council is to provide £40,000 funding to establish a new Tower Bridge Road Business Association to enhance and promote the street as a shopping destination.
The £40,000 grant, signed off last week by council leader Peter John, is part of a borough-wide £440,340 package of grants for business initiatives from the Community Restoration Fund set up in the wake of last summer's riots.
"I'm very thankful to the local councillors and businesses for their much-needed support and advice," says Suhel Ahmed.
Moving on, I now hope we – Tower Tandoori, businesses, residents, councillors, Southwark Council, Transport for London and others – can all work together to tackle the issues we face on Tower Bridge Road.
"I hope we can work towards restoring this once vibrant community and high street.
"We will now devise an action plan which will take into account the various needs of residents and businesses of Tower Bridge Road before putting the funds to appropriate use.
"Various meetings and a launch event for the association will be held in the coming months."
• A final decision on the controversial planning application for a payday loan shop in Tower Bridge Road will be made on Tuesday night by one of the council's new planning sub-committees.