Our 2013-2020 business plan is designed in two parts.
Firstly, for the period to 2020, we have identified a set of “drivers” of London’s competitiveness which will clearly take more than a year to address, and where we aim to be constantly vigilant.
- London government having the powers, resources and competences necessary to run London and support the city’s growth – more devolution to London government of the taxes we already pay and of powers from national government.
- Airport capacity and services that provide London businesses with better resilience and more connectivity – more flights and destinations served, together with smoother border control procedures and a more customer friendly tourist visa regime.
- Transport infrastructure and services that enable business and employees to move around London efficiently – increased investment in London’s transport infrastructure, coupled with greater efficiency and innovation from TfL and tough political decisions over charging to manage scarce road capacity.
- A step-change increase in the provision of housing to support London’s growth- a package of measures to increase the number of new homes built in London to close the gap between household growth and housing growth.
- London’s employers able to recruit the workforces they need at all levels- a combination of maintaining an open migration regime and improving training to ensure Londoners have the skills and attitude to be employable when they leave school or college.
- London having a world class built environment- work around planning and development policy to deliver growth and improved urban realm.
- A business-led London economic development strategy – supporting existing key strategic sectors, notably financial services, HE, leisure and tourism, and encourages business growth and new business.
- London having one of the most stable and competitive tax regimes in the world- internationally competitive rates of tax, including personal and corporate taxes, within a stable policy framework.
- London continuing to derive benefit from the UK’s membership of the European Union. Work to make the business case for continued membership in the event of a referendum.
Secondly we have focussed in on a few priorities with shorter term milestones which we believe are important to all our members, and to London, to get resolved.
In 2014, these are:
- A step-change increase in the delivery of the housing that London needs to support its future competitiveness
- An economic development strategy agreed between London government and business which paves the way for London’s evolution post credit crisis
- Devolution of relevant powers and funding to London government to provide the capital with the stability and certainty it needs to plan over the long term.
Download a copy of London First’s 2013-2020 Objectives
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