Responding to the publication of the Mayor’s new London Plan, John Dickie, Chief Executive at BusinessLDN, said: “This new draft London Plan has a critical role to play in shaping development across the city, helping businesses to grow and ensuring the capital remains the best place in the world.
“At a time when developers are facing a perfect storm, it’s welcome that City Hall has listened to calls for this version of the plan to be more streamlined and strategic than the previous iteration. A more flexible approach to delivering the homes that Londoners need, recognising the importance of data centres to the capital’s future growth and taking steps to support the West End’s position as a world-leading destination are also positive steps. We look forward to working with the GLA and other stakeholders throughout this consultation phase and into the examination process next year to help unlock London’s full growth potential.
“With all types of development in London facing severe headwinds, it’s clear that we need to go further and faster to support delivery. As part of this, the new government must devolve powers and resources to enable London to invest in the infrastructure projects that are critical to unlocking sites for housebuilding and development across the city. Innovative public-private financing models are also vital if we are to see the investment that the city needs to support sustainable growth.”