Businesses create growth. Over the 10 years of the London Growth Plan, London’s businesses should experience these positive changes. They all rely on a growing economy which creates demand and can fund investment and public services.
10 ways the plan aims to help businesses in London
- The London economy is growing, creating more demand for goods and services. We can do this by raising productivity and investment.
- Businesses find it easier to recruit and train people with the right skills to grow the business. We can do this by growing the skilled workforce through the Inclusive Talent Strategy.
- Workforces better reflect London’s diversity. We can do this by working in partnership with businesses to improve access for underrepresented groups.
- Smaller businesses, particularly those led by underrepresented founders, find it easier to get loans. We can do this through better signposting and expanding social investment.
- Smaller businesses can more easily find relevant support. We can do this with an evidence-based Business Support Strategy and commissioning.
- Innovation-led businesses find it easier to get risk capital to grow. We can do this by dramatically increasing investment in venture capital and reforming our capital markets.
- There are more opportunities to trade internationally. We can do this by supporting exports and promoting our growth sectors internationally.
- Smaller businesses find it easier to get affordable workspaces. We can do this by increasing the provision of affordable workspace through the planning system.
- Smaller businesses find it easier to get contracts from the public sector. We can do this by opening up procurement opportunities in our anchor public sector institutions.
- High streets are cleaner, safer and busier. We can do this by tackling retail crime and antisocial behaviour, investing in public realm and repurposing empty shops.
Navigate the 10-year plan
Our ambition
Find out how the growth plan will positively impact London and its people.
Growth sectors and places
Delve into London’s growth sectors and how we will uplift them across the city.
Actions
Learn about how we will deliver the London Growth Plan.
Working in partnership
Join us in driving growth in London over the next decade.