2015/16 Summary Business Plan The Year Ahead The work of London First balances tackling issues that have an immediate and pressing impact on London with anticipating actions that will ensure the capital remains the best city in the world to do business 30 years in the future. Our business plan, which was adopted in 2013 and runs until 2020, is reviewed each year to ensure our focus remains the right one for the prevailing environment. It is based on nine competitiveness ‘drivers’ (see below), which form the core work streams for the organisation, and at any one time a few ambitious ‘priorities’ drawn from these drivers. We intend to move our year end to September to coincide with our membership year. So this business plan runs for 18 months, from April 2015 through to September 2016, thus covering the period from the 2015 General Election, through to the 2016 Mayoral election and into the new Mayor’s first months in office. Traditionally, our priorities are the most high profile focus of our work across the year. But the degree of uncertainty we face over the next 18 months means being fleet of foot will be crucial. So, in the next period we will be flexible in the weight given to different drivers at different times, with focus on our current priorities – housing and the Economic Development Agenda - dialled up and down as required. This will allow us to prioritise areas that may come quickly to the fore following the General Election, such as infrastructure investment, air capacity, tax, immigration, and the EU. We will then update this summary business plan in the summer to reflect the post-election landscape. In parallel with our activity to influence London issues, we will seek to continue to improve our member product, surveying our members to refine our understanding of member value, and improving our offer accordingly. Key Activity Our key activities through to September 2016 are: Pre-General Election - - Economic Development Agenda (launched in January): We will start with focus on three ‘quick wins’. These are: keeping London open for business (chiefly activity around visas and immigration), improving digital connectivity, and setting up a joint business/London government approach to securing investment from the 2015 spending review. Business Manifesto: We will undertake general lobbying activity based on our manifesto asks on economically valuable immigration, EU membership, devolution, infrastructure spending and tax. Post-General Election - General Election: We will work vigorously to ensure the new government protects London’s competitive position. We will continue building relationship with politicians and activity such as attending party conferences. Air capacity: We will support campaigning by Let Britain Fly ahead of, and post, the Airports Commission report, particularly if the new government is perceived to be negative on expansion. Spending Review: We will be a strong voice in, and facilitator of, a joined up London business / London Enterprise Panel (LEP) / Greater London Authority (GLA) advocacy programme to help secure the necessary infrastructure investment for London. Global Cities Business Alliance: The first VIP event for international business leaders and Mayors is to be held on 17 June. Associate membership: We will make a decision on whether to proceed with a new strand of membership product to attract a wider range of businesses Pre-Mayoral election and immediately thereafter - - - Business Manifesto: We will identify our major asks of the new Mayor and engage with all Mayoral candidates on our priorities. We will produce a series of “memos to the Mayor” on a range of issues from better management of congestion to the importance of promoting London effectively. We expect our two priorities to continue to be: Economic Development Agenda: We will seek buy-in to the agenda from prospective mayoral candidates, pushing for it to form the basis of their economic development strategies. We will also act as an advisor/progress chaser to the LEP to help keep up momentum. Housing Campaign: From autumn 2015, we will campaign for the mayoral candidates to commit to credible policies that will double London’s housing starts. The campaign will be in a similar vein to Let Britain Fly, with key events every six weeks up until the Mayoral election. Drivers of London’s success Our work up to 2020 is focused on a set of “drivers” of London’s competitiveness. These are: Devolution: London government having the powers, resources and competencies necessary to run the city and support its growth. We are focused on the outcomes that devolution would support (e.g. infrastructure investment, housing supply, and skills provision) rather than on devolution for devolution’s sake. Economic Development Agenda: facilitating a business-led London economic development strategy from London Government. Following the successful launch of the Economic Development Agenda, we are moving to implementation as detailed above. Infrastructure that enables businesses in London to function efficiently. We will play a leading role in creating and implementing an advocacy plan for central government ahead of the next spending review, while also working with Transport for London on prioritising big future transport projects. EU: keeping London and the UK at the heart of the EU single market. London First will make the business case for continued membership in the event of a referendum. If the new government commits to a referendum we expect the UK’s relationship with the EU to become a high priority issue for London business. Housing: a step-change increase in the provision of housing to support London’s growth . From autumn, we will begin a campaign pushing for a doubling of the number of homes built in London each year. Airport capacity and services that enable London businesses to travel to their clients, and vice versa, smoothly and efficiently. Working with Let Britain Fly, we will put pressure on politicians to implement the recommendation of the Airports Commission, and also press for better border control procedures and a more customer-friendly tourist visa regime. Skills: London’s employers must be able to recruit the workforces they need at all levels. We will focus on a combination of maintaining an open migration regime and improving training so that Londoners have the skills and attitude to be employable when they leave school or college; we will run Skills London again and a new “Capital Talent” event aimed at older people. A world-class built environment: we will advocate planning and development policy to deliver growth and improved urban realm, with work focused around the new Mayor’s London Plan revisions and Opportunity Areas. We will produce a paper on delivery of the latter in summer 2015. Our work to improve the public realm in the West End continues. Tax: London has one of the most stable and competitive tax regimes in the world. We will work to maintain competitive personal and corporation taxes, dependent on the tax programme of the new Government.
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