London Growth Plan
Our vision for London: the city of reinvention.
Developed by the Mayor of London and London Councils, the London Growth Plan is a blueprint for turbocharging productivity in the capital.
It aims to restore productivity growth to an average of two per cent a year over the next decade, making London’s economy £107bn larger in 2035, and to help create over 150,000 good jobs by 2028.
The new plan sets out how we will invest further in key priorities from housing and infrastructure to skills and transport, so that we can collectively drive the productivity and growth needed to increase wages and living standards across London and beyond.
London is the engine of the UK economy, bursting with talent and creativity - but our city’s growth has been held back since the 2008 financial crash, and this flatlining productivity has damaged the whole nation’s prosperity.
Our new plan provides a golden opportunity to turbocharge the growth needed to improve wages, living standards and public services as we continue to build a better and more prosperous London for everyone.
Growth in London: our plan for a more prosperous, fairer and greener global city
The London Growth Plan is London’s 10-year ambition for growth, and the actions we will take to make it happen.
Together we will:
- Support businesses
We're investing in industrial innovation corridors, and harnessing the growth potential of cutting-edge sectors like AI, life sciences, robotics and clean tech.
- Build skills for the future
Our upcoming Inclusive Talent Strategy, which is currently in consultation, will build Londoners' skills and help all find good, meaningful work and progress their career.
- Level up affordable housing and infrastructure
With major transport upgrades, such as the Bakerloo Line extension.
By introducing new rent-controlled Key Worker homes.
- Help local high streets thrive
£21m boost to local high streets this year, tackling empty properties and ensuring all London boroughs benefit from economic growth.
Explore the London Growth Plan
Find out more about the plan, how it will unlock new opportunities for everyone in the city, and what it means for you.
How we have worked together to develop a Growth Plan for London
The London Growth Plan has been developed jointly by City Hall and London Councils with London’s growth agency London & Partners, in collaboration with everyone from businesses and trade unions to boroughs and education providers and Londoners themselves.
Together we can put the plan into practice and build a fairer, greener, and more prosperous London for everyone.
Related content
Find out what the Good Work Standard is, why it's important for your business and how you can become accredited.
Find out what programmes and opportunities are available to help businesses.
We're working to give Londoners and employers the skills to succeed in a fair, inclusive society and thriving economy.
