Enfield Council has unveiled plans for a new street market near the entrance to Ponders End Park.
The market will open in the Spring, following the completion of a £1 million redevelopment of the park.
Councillors hope the market will complement existing high street shops and encourage visitors to the area.
The market will be paid for out of a £1.9 million grant from the Greater London Authority aimed at supporting Ponders End.
In a separate move, the council has also increased funding to the local chamber of commerce to establish stronger partnerships with businesses.
This will enable the chamber to establish sector groups to represent businesses in high growth sectors. An ambassadors group of high-profile businesses in the borough will also be established to lobby government and promote further investment in Enfield.
The council’s cabinet member for business and regeneration Del Goddard said: "We are doing a tremendous amount in Enfield to support businesses and help them be as competitive and efficient as possible because it is in the best interests of everyone to have a healthy and thriving economy.
"We want to work in partnership with business to create jobs and prosperity, and we are doing that by providing training and investment to ensure they are competitive during this difficult financial period and really thrive when the UK and European economies start to pick up again."
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