The London Development Agency is intended to give the capital's regeneration efforts a focus. The government has taken steps to ensure it gets off to a running start, by appointing British Airways chairman and CBI president Sir Colin Marshall to lead the London Development Partnership. Its economic strategy for the capital will be presented to the new Mayor in 2000.
The LDA's role will include taking a strategic view of the different demands of London's 'competing' areas. London Minister Nick Raynsford has already commented how the LDA would referee the tug-of-war going on between Canary Wharf and the Square Mile for blue chip clients.
At the other end of the wealth spectrum, expect more regeneration work that focuses on 'social exclusion', now identified as a major contributor to poor economic performance and health problems. There are many relevant statistics to focus on, but one in particular illustrates the problem. Whereas 25% of the inner London labour force is from ethic minority groups, 40% of the area's unemployed are from the same background.