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Olympic Legacy Masterplan Framework – London First welcomes real progress

The Mayor has today launched the Olympic Legacy Masterplan Framework.

Baroness Jo Valentine, Chief Executive of London First, said:

“At last, real progress on legacy. Until now legacy has been put on some sort of pedestal by all involved in the Games:  acknowledged in hallowed terms but otherwise ignored. The ODA concentrates on building the venues and LOCOG on running the event.  We need a third strong leg to the Olympic stool – to deliver arguably the most important element – the transformation of east London. Now we have the makings of a plan and, in the URC, a body.  But it needs strong leadership too, of the calibre of John Armitt or Seb Coe, so that good intentions turn into reality.”

Notes to Editors
1. The Urban Regeneration Company (URC) agreed last week will assume responsibility for securing an Olympic legacy and regeneration in and around the Olympic park from the London Development Agency. It will be business led.

2. London First is a business membership organisation whose mission is to make London the best city in the world in which to do business. London First undertakes this by mobilising the experience, expertise and enthusiasm of the private sector to develop practical solutions to the challenges facing London. London First also seeks to persuade central and London government to make the investments that London needs in its infrastructure

3. London First delivers its activities with the support of the capital’s major businesses in key sectors such as finance, professional services, property, ICT, creative industries, hospitality and retail. Membership also includes all of London’s higher education institutions as well as further education colleges and NHS hospital trusts. London First members represent a quarter of London’s GDP.

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