By Claire West
The Chair of the London Assembly’s Economic Development, Culture, Sport and Tourism (EDCST) Committee has sought urgent clarification from the Mayor’s office about the impact of the Comprehensive Spending Review on the London Development Agency’s (LDA) £156m non-Olympic budget.
The letter asks Anthony Browne whether the Mayor will be able to continue to deliver on his economic development priorities if funding is significantly reduced.
Speaking at a City Hall meeting last week, Mr Browne, said that regeneration, youth programmes and international promotion would form the Mayor’s priorities. He also suggested that around 150 staff could be transferred to the Greater London Authority, but this would depend on part of the LDA’s funding being passed on to the GLA from 2012.
Len Duvall AM, Chair of the EDCST Committee said,
“The Comprehensive Spending Review raises serious doubts about the long-term feasibility of all LDA-funded programmes. Without an obvious funding stream, how will the Mayor be able to deliver his statutory responsibility to promote economic development in the capital?”
“We want urgent answers from the Mayor’s office about the future of the economic development priorities he has identified and the potential consequences for London if they are abandoned.
“I am concerned that an LDA stripped down to the bone, and folded into the GLA, will simply not be able to deliver these functions.”