Presentation Transcript
London Economic Summit: London Economic Summit 08 February 2006
Mary Reilly LDA Chair: Mary Reilly LDA Chair The agenda for London
What is our vision for London?: What is our vision for London? Sustainable economic success.
Maintaining and strengthening London’s position as the world’s leading global city.
What is a ‘global city’ ?: What is a ‘global city’ ? Global cities:
Have a direct impact on global affairs.
Are key financial centres.
Have extensive global networks.
Are a home to international businesses.
Are culturally and politically powerful.
What does this mean for London?
London’s global position: London’s global position What makes London a leading
global city?
A fast-growing economy and population.
World class education facilities.
A model democracy.
International centre for creative and cultural industries.
A strong specialisation in financial and business services
London the global city : London the global city World Economic Forum competitiveness figures – UK
in 13th place.
Improving the business environment:
Enhance quality of London life.
Invest in innovation.
Focus on high value industries.
A changing economic world : A changing economic world China will be the second biggest economy by 2020
Rapid growth in India and Russia
Change is an opportunity:
Specialisation in finance, insurance and law.
Attract new business and new investment from growing economies.
Strength in diversity : Strength in diversity London’s diversity:
Opens up access to global markets.
Creates investment opportunities.
Creates real business benefits.
Creates an open, energised culture.
BAME groups will account for over 80% of the increase in working age population by 2016.
Strength in diversity : Strength in diversity Four key themes central to
London’s economy.
Developing infrastructure and places.
Developing people.
Developing enterprise.
Developing marketing and promotion.
Integrated decision making and planning : Integrated decision making and planning Key policy areas:
Planning.
Waste management.
Housing.
Skills.
Outcomes:
Reduce duplication.
Increase transparency.
Deliver better services.
2012 Olympic Games and Paralympic Games : 2012 Olympic Games and Paralympic Games A major catalyst for change:
Employment.
Education.
Housing.
Health.
Meeting needs and aspirations of the community.
Real benefits for Londoners:
Employment opportunities.
Business contracts.
Improved infrastructure.
Increased tourism.
Working today to shape the London of tomorrow: Working today to shape the London of tomorrow