London Councils and the Mayor of London have developed an Economic Recovery Framework for London, working closely with London boroughs and Sub-Regional Partnerships. The framework has been endorsed by the London Recovery Board, which includes business and community leaders.
It sets out a framework for action for dealing with the structural changes to London’s economy and fostering economic recovery. There are five pillars to the framework – Jobs, Business, Thriving Neighbourhoods, Connected City and Global London. Within each pillar are four key issues to focus collective efforts on. Building the green economy and narrowing social, economic and health inequalities are cross-cutting themes. The framework builds on the recovery missions developed by the London Recovery Board and sets out:
- London’s priority actions for economic recovery.
- The role of London boroughs in delivering these and where they might work together collaboratively via sub-regions for each pillar. It also highlights those areas where a pan-London approach is appropriate, via the GLA group.
- Opportunities for collaboration and work with central government, business and major institutions to support London’s economic recovery.
The framework will therefore help to co-ordinate action among the different levels of London government, whilst also supporting a ‘whole systems’ approach through working with central government, business and key organisations such as anchor institutions.