Leadership Metropolitaine: Londres/London Mark Kleinman Director, Economic and Business Policy Greater London Authority

London’s economy – fundamental strengths Vast, global city economy Job growth of over 800,000 between 1996 and 2011; forecast of 850, International centre of trade and innovation Resilient, diverse economy Strong globally competitive position

London is a sought-after business location Attractiveness of London to business Lead Availability of qualified staff1111London Easy access to markets1111London Quality of telecommunications1111London External transport links1111London Cost of staff= Bucharest Climate for doing business3245Dublin Language spoken1111London Office space - value for money= Warsaw Internal transport1111London Availability of office space10=425Berlin Quality of life Barcelona Freedom from pollution25=252927Stockholm Source: European Cities Monitor, Cushman & Wakfield ( )

Firms can access a large volume of people who themselves are attracted to live and work in London. Source: TfL Number of residents accessible by public transport in 45 minutes

So there is a concentration of employment in London, particularly central London. Source: ONS (BRES) 2011 Number of people in employment per sq km, all sectors

London’s labour productivity GVA per hour worked index, London, 1996 – 2009, UK = 100 (Source: ONS/BIS 2010)

Looking ahead London’s population is projected to grow significantly … Source: GLA Intelligence Unit

… as is London’s employment … Source: GLA Economics Working Paper 52, Workforce Jobs series (ONS), GLA Economics calculations

… particularly in the professional business services sector. Source: GLA Economics Working Paper 52, Workforce Jobs series (ONS), GLA Economics calculations

London, France's sixth biggest city? More French people live in London than in Bordeaux, Nantes or Strasbourg and some now regard it as France's sixth biggest city in terms of population. The French consulate in London estimates between 300,000 and 400,000 French citizens live in the British capital. Third French school to open in Wembley, North London. French Ambassador to the UK Bernard Emié said: “This historic building provides an ideal space and enjoys the perfect location to house our future school, which will enable us to increase the reception capacity of French secondary education in London. Indeed, the project is very eagerly awaited by the French community and all those who recognise the quality of French education in London.”

Metropolitan Leadership London Mayor has set of strategic powers Government has increased Mayor’s powers over the last 13 years Two-tier system: boroughs spend about as much as the Mayor and control most local service delivery Big gap is fiscal powers

London Enterprise Panel Skills and Employment Working Group to ensure Londoners have the skills to compete for and sustain London’s jobs; Digital Creative, Science & Technology Working Group for the capital to be recognised globally as world leading hub; for science, technology and innovation - creating new jobs and growth SME Working Group To support and grow London’s businesses London Infrastructure Group To keep London moving & functioning LEP Members London Councils’ nominees London & Partners

Crossrail

London Finance Commission Funding arrangements should allow London government to make additional self-determined investments in its own infrastructure both to cater for the growth already forecast for its population and economy, and to promote additional economic growth. Relax restrictions on borrowing for capital investment while retaining prudential rules Devolve the full suite of property tax revenue to London Reforms would increase london government’s accountability to residents and businesses.

Should Mayors rule the world? More attention is being focussed at the city level of leadership Gridlock and legitimacy issues at national level Mayors need the right set of strategic powers at metropolitan level Risks of becoming ‘too big’ and losing direct contact with citizens Networks of cities and direct learning

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