Our event at London’s Living Room covered various angles, each with a take on the role of the private sector in development and renewal in London. Finally we got a bit more detail on what the role of London’s Local Economic Partnership (LEP) will be from Mark Kleinman at the GLA. Promoting skills and employment, attracting investment and promoting enterprise and ‘making the case for London’ – by acting as a public private voice on economic development. The Royal Docks Enterprise Zone could be a means to reinvest the spoils from business rate uplift, however how this will work in practice is far from certain.
GVA went on to give a detailed presentation on CIL and how boroughs might use this tool to best effect. See the slides here.
Finally, Richard Upton of Cathedral Group gave the room cause for optimism, demonstrating that great, well designed public buildings can be delivered at low or no cost to the public purse if schemes are modelled right – developers can profit from this and do not have to build as cheaply as possible to do so. He urged the public sector to be proactive and invest the value held in their assets to get these added benefits.
We’ll be holding more seminars in the coming months, and will be getting dates in the events calendar and invitations out so watch this space for more info on forthcoming topics.