£750,000 aid for victims of Camden Market fire
TRADERS who lost their livelihoods in the Canal Market blaze will benefit from more than three quarters of a million pounds. London Mayor Ken Livingstone has pledged £250,000, while the owner of the devastated Canal Market, Camden Market Holding
TRADERS who lost their livelihoods in the Canal Market blaze will benefit from more than three quarters of a million pounds.
London Mayor Ken Livingstone has pledged £250,000, while the owner of the devastated Canal Market, Camden Market Holdings (CMH), has kept its promise to double the Mayor's offer by stumping up half a million pounds.
Benefit concerts and donations should push the total financial help for traders beyond £750,000.
"The owners of the market have kept their commitment to give £2 for every £1 pledged by a recovery package from the London Development Agency (LDA), working with Camden Council and Mayor Ken Livingstone," said a spokesman for CMH.
"It is understood that the LDA will be providing aid totalling £250,000 to the traders, bringing the total aid package to £750,000. £500,000 will be given directly to Camden market traders whose businesses were devastated by the recent fire."
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This news has gone down well among traders who lost their income in the fire.
Sunny Gulati, who had a Canal Market stall selling leather clothes, said: "I feel better now that I know some money is going to come to us and now we will be able to do something. The first thing I am going to do with it is pay my gas and electricity bills, then I will see if I can buy a pitch somewhere."
Around 90 market traders and shop owners were directly affected by the fire some of whom lost hundreds of thousands of pounds in stock.