Russell Davies, director of Russdales flooring contractor, on Green Lanes near Palmer’s Green, said the plans could damage business in the area, particularly for the many independent firms.
“They have not taken on the objections of the shopkeepers and the residents who it is going to affect greatly.
“They have this money from TfL and they want to spend it, and while we are not opposed to cycling I am worried that businesses could be damaged.
“Cars can no longer stop at the side of the road and pop in places, which will affect newsagents and bakeries.”
He added that while some car parking was planned, it is “nowhere near enough” to cater for all the shoppers.
When the plans were announced last year, businesses surveyed their customers to ask how they had travelled to the shop, and some retailers reported as many as 90 per cent travelling in by car.
Enfield Council’s Cabinet Member for Environment, Cllr Daniel Anderson, said the development would enable and promote more “active, healthy forms of travel”.
He said: “This once in a lifetime opportunity will improve the look and feel of our environment creating better streets for Enfield and more desirable destinations for shoppers and visitors.
“Our proposals are the culmination of an extensive engagement process with residents and businesses and it’s an incredibly exciting time for Enfield. Many residents recognise that this scheme is going to improve their quality of life and bring dramatic improvements to this part of the borough.
“Though there will be an inevitable degree of disruption while the works proceed, which we are doing our outmost to minimise, ultimately the benefits will hugely outweigh the temporary inconvenience.”
Transport for London said Enfield Cycle had met all the criteria required to merit the large grant.
Sam Monck, TfL’s Head of Borough Projects and Programmes, said: “Enfield were awarded funding as part of our Mini-Holland programme to deliver schemes that increase levels of cycling in the borough and make it safer and more accessible to do so.
“We are looking forward to them progressing with their plans which will bring wider economic, health and environmental benefits to their residents.”
