Strategic economic development reports

Description

This 2022 report builds on the earlier analysis of London Weighting, and puts forward an updated basis for calculating a minimum London Weighting using ongoing research on a Minimum Income Standard (MIS) for the capital.

Source

Trust for London, Centre for Research in Social Policy, University of Loughborough

Description

There has been much recovery-focused work led by local authorities and GLA including the creation of the Economic Recovery Framework for London. However, there is no
collectively agreed plan for the recovery of London’s Central Activities Zone (CAZ).
This action plan aims to fill that gap, setting out how we will support the recovery and evolution of the CAZ post pandemic.

Source

Greater London Authority, Central London Forward, Camden Council, City
of London Corporation, Royal Borough
of Kensington and Chelsea, Southwark
Council, Tower Hamlets Council

Description

Following the advice of the Mayor of London’s Workspace Advisory Group, this pamphlet has been commissioned to provide propositional guidance on how new flexible workspace can be brought forward through the repurposing of existing high street buildings.

This pamphlet provides practical guidance and propositions for a reimagination of the relationships between landlords, tenants, operators, and local authorities, with the purpose of reducing the risk profile of vacant units, while ensuring that high street assets create social value by making space accessible for local business and enterprise.

Source

Commissioned by LEAP following the advice of the Mayor’s Workspace Advisory Group and produced by Architecture 00.

Description

This report offers empirical evidence on the impact of labour productivity on wages at the firm and at the local labour market levels (Travel-To-Work-Area, TTWA) in Great Britain (GB), with a focus on firms based in London and within the local labour markets composing the Greater London Authority: London and Slough and Heathrow (S&H).
The aim of this report is to offer evidence to ground policies that aim to foster productivity recovery, including in areas that top the productivity and wages distribution such as London, stimulate wage growth and living standards more generally, without increasing inequality within and between areas.

Source

University of Sussex (for Mayor of London)

Description

The Mayor commissioned CognitionX to map Artificial Intelligence (AI) innovation across London and identify the capital’s unique strengths as a global hub of AI.

The research shows that London is the European capital of AI, and world-renowned in sectors such as insurance and finance. The findings of this research will inform the actions the Mayor will take to support the future growth of AI across different industries to drive innovation, productivity and growth.

Source

CognitionX (for Mayor of London)

Description

This research project was commissioned by the Greater London Authority to improve its understanding of the economic interdependencies that exist between London and the rest of the country. The project aims to assist the Greater London Authority in its aims to ensure London leverages its contribution to nationwide employment, productivity and growth and identifies opportunities for city-region collaboration where sectoral complementarities align.

Source

Arup (for Mayor of London)

Description

The Mayor’s vision of ‘good growth’ is set out in the draft New London Plan and draft Mayor’s Economic Development Strategy. It recognises that London needs to grow in a different way from how it has done in the past. This report focuses particularly on outlining plans for a ‘New London Mix’ of housing and commercial space, which could support growth and provide much needed workspaces - increasing current industrial floor space supply by up to 20 per cent.

Source

LEAP

Description

Productivity, or the efficiency with which production inputs (e.g. labour and capital) are being utilised to produce a given level of economic output. Increasing productivity is widely seen as a key enabler for improving living standards in the long term and as a necessary (but not in itself sufficient) condition for inclusive economic growth. It is therefore a key topic in any industrial strategy, including the Local Industrial Strategy (LIS) for London.
This paper summarises the findings a literature review on the effectiveness of policy levers to enhance productivity at a regional level.

Source

GLA Economics

Description

This report reviews the latest evidence to understand why labour productivity is so high in London overall and why its growth has stalled recently. This is a critical issue because, in the long-run, increasing productivity is crucial for economic growth and improving living standards. Boosting productivity growth is
unsurprisingly at the centre of the Local Industrial Strategy (LIS) for London.

Source

GLA Economics

Description

Open workspace providers want to provide the right space, for the right people, in the right place at the right price. They need to make their spaces work for all Londoners. Recent rises in rents and rates have significantly affected both open workspace
provision as well as micros and small businesses in the capital. This paper explores the unintended consequences of recent changes to business rates and how they affect London’s open workspaces.

Source

Capital Enterprise, WorkWILD, Nordicity and Original Futures, for LEAP