Eric Pickles has given the go ahead for a London wide Local Enterprise Partnership.
Covering the whole of the capital, the new London Enterprise Partnership (LEP) will identify opportunities for business and economic growth, innovation, training and job creation. It will also make the case to central Government to ensure London receives its fair share of funds to support economic development. It will be co-chaired by the Mayor and “a leading member of the capital’s business community”, says the Mayor of London’s office.
The proposal to create a London-wide LEP was given the go ahead by the Communities Secretary Eric Pickles.
The Mayor of London, Boris Johnson, said: “This new partnership will bring together a unique mix of business expertise and leadership that understands the needs of every part of the capital to drive forward economic growth. Working together in these difficult economic times, we will ensure no stone is left unturned in creating the right conditions to maximise the opportunities that are out there.”
“I am confident that building on the economic strategy we already have in place we can ensure that London continues to be the best city in the world for businesses to thrive in.”
London Councils’ Executive Member for Economic Development, Councillor Chris Roberts said: “In these tough economic times, it is vital for London Councils, boroughs and the mayor to work closely with businesses to create and support new investment in all areas of London.”
“It is therefore crucial that the LEP operates in a framework which is flexible enough to accommodate borough based initiatives which have been developed locally to address the challenges of economic development.”
Colin Stanbridge, Chief Executive of the London Chamber of Commerce and Industry (LCCI) said: “We are delighted that London has been given the green light for a local enterprise partnership. We now look forward to working closely with the Mayor, local authorities and businesses from across the capital to develop practical measures that will help companies grow, create new jobs and drive our economy forward.”