In 2013 the Government announced its plans to establish a £2bn Local Growth Fund in response to Lord Heseltine’s report ‘No Stone Unturned, In Pursuit of Growth’ (2012).
The aim of this study was to review current supply and demand for different types of finance and then identify the size, scale and type of funding gaps. The study considered whether there was evidence to justify a new publicly-backed finance initiative for SMEs in London.
'Self-employment in London' (April 2013) was commissioned by the LEP and draws on numerous datasets to gain a better understanding of self-employment in London.
SKM's Colin Buchanan was commissioned by GLA Economics in August 2012 to revise the employment growth distribution forecasts previously developed in 2009, which are derived from calculations of transport accessibility. The study involved:
Published in April 2013, the LEP's Jobs & Growth Plan identifies a series of aims and recommendations based around the following key priorities:
The Prospectus for Round 2 funding was launched alongside the LEP's Jobs and Growth Plan. The Prospectus sought proposals (with a preference for private sector-led proposals) that would support innovative ways of creating jobs and skills in emerging sectors, support growth in business and investment and increase productivity.
The report provides a description of London’s labour market as it stands today, together with a broad indication of the possible future path of London’s labour market (and associated qualification requirements) based on a number of simplifying assumptions.