200,000 Jobs Pledge (Foreign Direct Investment):

Meeting: 
MQT on 2012-09-19
Session date: 
September 19, 2012
Reference: 
2012/2389
Question By: 
Stephen Knight
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

As part of your commitment to create 200,000 jobs through the GLA over the next four years, London and Partners have estimated that 14,000 jobs will be generated through foreign direct investment (FDI) in London over the next four years. What efforts have you made to secure FDI and ensure that these jobs come to fruition?

Answer

Answer for 200,000 Jobs Pledge (Foreign Direct Investment):

Answer for 200,000 Jobs Pledge (Foreign Direct Investment):

Answered By: 
The Mayor

I have been using this summer relentlessly to promote London to investors. Through my 2012 Business Hosting Programme I hosted almost 200 international business leaders, showing them the huge opportunities London has to offer and encouraging them to invest here and to create jobs and growth, as promised in my manifesto. My Business Programme has already resulted in 88 business leads, and within that 70 international businesses are looking to establish or grow their London presence within the next 18 months.

I will work hard to exceed the job targets that we set ourselves and in doing so we will create many additional opportunities for Londoners through the economic spill-over that high value FDI brings to other industries.