Failing to invest in London’s suburbs to unlock their potential will make the whole of the capital less competitive in the future, according to a London Councils report issued today.

The report, 'Successful Suburbs: the case for investment in London’s suburban communities', highlights what a vital economic, social and environmental contribution suburbs make to the capital. It shows that investment in the suburbs now will put London in a very strong position when the capital emerges from the current economic downturn, and warns that if action is not taken the whole of London could suffer in the future, both financially and through loss of skills.

The suburbs are home to 60 per cent of London’s population and provide jobs that account for a third of the capital’s economic output. They have a highly skilled resident workforce, established industries and some thriving town centres. But further investment is needed to ensure they maintain their reputation as attractive places for residents and businesses.  

The report sets out ways to boost investment in the suburbs. London Councils wants all levels of government to look at innovative ways of funding the plans, which should be led by local authorities. The proposals are based on making the most of underused resources and future investment in the suburbs, rather than transferring money away from inner London.