Morning, Thursday, 19th March 2020
THIS EVENT IS CPD CERTIFIED
This seminar will examine next steps for the development of the London Local Industrial Strategy following its expected publication.
Delegates will assess the priorities for government, communities, and businesses - looking at implementation and what will be needed to achieve the Strategy’s central goal of inclusive growth.
We expect discussion to focus on key issues identified in the interim report commissioned by the GLA - Developing the evidence base for London’s Local Industrial Strategy - including:
- Inclusive growth and employment;
- Sustainable infrastructure;
- Knowledge and innovation; and
- London’s contribution to the national economy.
Agenda in summary:
- What the Strategy means for London’s communities and businesses;
- Providing healthy environments across all London Boroughs;
- Priorities for new infrastructure, homes, and employment;
- Social challenges, including wellbeing, poverty, and inequality;
- Economic growth, infrastructure, and housing in the wider South East and beyond; and
- How the London Strategy fits within the Government’s wider Industrial Strategy.
Inclusive growth and employment
Despite being one of the richest cities in the world, London is also home to some of the poorest neighbourhoods and highest rates of relative poverty in the country.
Delegates will assess the ways that the Strategy aims to address this, with discussion expected on the investment that is needed in education, transport accessibility, health, and childcare to give all Londoners the opportunity to achieve their full productive potential and remove barriers to employment.
With significant variation in employment across the London boroughs, sessions will examine what is needed from the Strategy to nurture local growth across all communities, and meet the social challenges facing London including differences in income, wealth, and health levels.
New homes, infrastructure delivery, sustainability, and healthy environments
With new housing supply failing to keep up with demand, delegates will assess options for tackling the housing pressures facing London - including whether plans for the £600m from the Housing Infrastructure Fund to build 50,000 new homes in London and the surrounding regions go far enough in meeting the demand.
Major infrastructure projects such as Crossrail face investment challenges, delays, and budget overspends.
Delegates will discuss how new infrastructure can be delivered, looking at new funding models, such as land value capture, and including locally-targeted schemes.
We also expect discussion on the environmental sustainability of new developments along with options for reform of green belt policy.
Further issues to consider include the transport links between homes and places of work, and meeting the requirements for social infrastructure such as education, health, and recreation facilities.
Knowledge and innovation
London is home to a thriving knowledge economy.
However, high business space and residential costs can make it prohibitive to start and grow businesses in these sectors, resulting in knowledge-based enterprises choosing to start up outside the capital.
We expect discussion on what is needed to stimulate new research- and innovation-focused companies, and what can be done through knowledge clusters and similar approaches to encourage more such businesses to start and grow in London.
London’s contribution to neighbouring regions and prosperity across the UK
With much of London’s working population living outside of the GLA boundary, sessions will examine the opportunities for cross-regional collaboration and the growth in infrastructure and housing needed by the neighbouring regions.
We also expect consideration to be given to how the capital’s infrastructure projects, such as a third runway at Heathrow, would boost the economic prospects of the UK as a whole by creating domestic and international connectivity.