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Capital crisis - enabling investment in London

  • By London Councils

For many months now there has been mounting anecdotal evidence that the capital finance system in London's 33 local authorities is under increasing pressure, from both a decline in capital receipts and a virtual halt to all private sector regeneration and investment.

In response, London Councils commissioned LG Futures to work with boroughs to analyse the scale of the problem and identify ways in which capital investment could be (re-)enabled.

The focus of this booklet is to highlight the actions London boroughs need central government to take if the capital finance system is to operate more effectively at the local level.

London Councils believes that if the government proactively works with us to swiftly advance our recommendations the capital finance system can provide the framework to re-enable the investment the capital's residents and economy need to accelerate London out of recession.