Manifesto for Growth

London Property Alliance (LPA) calls on the next Government to unlock economic growth and reset the relationship between central and London governments.

In our Manifesto for Growth, the Alliance calls on whoever forms the next Government to implement policies to grow the economic and social prosperity of London’s Central Activities Zone (CAZ), a critical engine of the country’s economy, housing over 40% of Greater London’s jobs and generating more than 10% of the UK’s economic output.

On behalf of WPA and CPA members, the Alliance is calling for a more ambitious settlement to return powers to London government, in addition to reforming the planning system to create certainty for developers and local authorities in order to ensure a return to sustainable major project investment in all parts of the CAZ.

The next Government must also find a long-term sustainable funding plan for Transport for London, a lasting solution for HS2 and make urgent progress with the Bakerloo line extensions as well as Crossrail 2, both of which will bring housing and regeneration benefits.

Charles Begley, Chief Executive, London Property Alliance, said:

“After years of strained relationships, there is the exciting prospect that 2024 will mark a watershed moment in the relationship between central and London government.

“We ask that an incoming Prime Minister and Chancellor embrace our key asks and work in genuine partnership with London’s leaders to secure the lasting prosperity of the capital. Only then can business, and indeed London as a whole, fulfil its full potential to deliver growth and prosperity for all parts of the United Kingdom.”

Further reading:

Press Release: London’s property industry urges the next Government to unlock economic growth and reset the relationship with London government

In the News: OnLondon – ‘London Property Alliance publishes ‘manifesto for growth’’

In the News: Property Week – ‘Next government must reform planning to drive growth, says London Property Alliance’ (£)