Examining the Economic Development Plan
In July 2014, the Economy Committee met to discuss the current state of London’s economy and examined the emerging themes and evidence base for the Economic Development Plan, produced by the London Enterprise Panel (LEP) and London First.
During a public meeting, the Committee questioned guests, David Lutton, London First and Jeremy Skinner, Greater London Authority on the Economic Development Plan.
Following the meeting the Committee wrote to the Mayor and Harvey McGrath from the London Enterprise Panel responding to the LEP consultation on the proposed Economic Development Plan.
The Committee put forward a number of recommendations, including
The London Enterprise Panel needs to take steps to increase the diversity on London’s economy, with a focus on high-employment sectors such as construction and tourism.
The LEP needs to address barriers to the growth of the digital economy, particularly a lack of skilled workers and the poor quality of internet connectivity.
The Mayor needs to clarify the status of the Economic Development Plan in relation to his own Economic Development Strategy, and ensure the LEP consults Londoners and their representatives on its content.