SUSTAINING SUCCESS
DEVELOPING LONDON’S ECONOMY
ECONOMIC DEVELOPMENT STRATEGY
1
ECONOMIC DEVELOPMENT STRATEGYABOUT THIS STRATEGY
This is London’s Economic
Development Strategy, prepared by
the London Development Agency
(LDA) on behalf of the Mayor of
London. It replaces the 2001
Strategy Success through Diversity
and is part of a suite of Mayoral
strategies. It sets out a plan for the
sustainable, equitable and healthy
growth and development of
London’s economy to 2016. Many
of the actions presented here will be
completed before that. The Strategy
will therefore be updated as and
when appropriate.
This is a Strategy for the whole
of London. The LDA has a central
role in facilitating delivering it.
This will be done through a
mixture of ideas, resources and
partnership. More detail about
LDA activity is available in the LDA
Corporate Plan (available through
its website www.lda.gov.uk),
which should be read in conjunction
with this Strategy.
This document has two parts.
Part 1 presents an analysis of the
issues facing the London economy
and details a high-level action plan
to maintain and promote further
growth and development. Part 2
gives a detailed assessment of the
state of the London economy and
is the underpinning evidence for
Part 1.
A glossary of technical terms
and acronyms used in this
document can be found on page
90. A summary of the Strategy
is available from the LDA as are
versions in a range of community
languages and accessible formats
on request.
About the London
Development Agency
The LDA is a functional body of
the Greater London Authority
(GLA), along with Transport for
London, the Metropolitan Police
Authority and the London Fire and
Emergency Planning Authority.
It is also one of the nine regional
development agencies (RDAs)
operating across England.
The LDA’s mission is to support
London’s sustainable economic
growth and development. This will
be achieved by:
• promoting business growth and
development across all sectors
• promoting access to employment
and skills enhancement
• pr