The London and UK economy face tough times in the years ahead with significant cuts to public expenditure, higher interest rates and increased taxation. The role which the Central London boroughs play in supporting their residents and businesses, and positioning London for long term recovery, has never been so crucial.
In response to the economic downturn, CLF commissioned consultancy support in February 2009 to draw together the many initiatives which central London boroughs were taking to support their local communities through the recession.
The report identifies initiatives under three headings:
- Supporting business
- Helping people
- Positioning London for long term recovery
The report also references some of the wider regional and national work being carried out by the GLA, London Councils and the Local Government Association.
Examples of the innovative projects which boroughs have devised include: council tax rebates; free parking days to support local shops; funding the Mayor’s Visit London campaign to promote Central London as a tourist destination; awarding grants to entrepreneurs to kick-start their business ventures.
You can download the full report and the July 2009 update report below:
Download Central London Economic Initiatives Report, Feb 2009 (680kb).
Download Central London Economic Initiatives Report Update to Board, July 2009 (112kb).
