Monday 5 June 2017

London Chamber sets out its manifesto to create a thriving business environment

London's leading business organisation, London Chamber of Commerce and Industry has called on the next government to ensure the capital continues to thrive as a place to do business as it negotiates the exit from the EU

The calls are published in LCCI's London Business Manifesto "Capital Matters" setting out its key asks for the next Government to ensure that London continues to maintain its status as a globally competitive city.

They include giving the capital more power to help it develop the infrastructure it needs and undertaking a fundamental review of business rates.

Chief Executive of LCCI, Colin Stanbridge said: "Optimism from political figures is all very well, but London firms need a bit more from government to boost confidence, spur investment and grow the economy. We need to get to work and ensure Britain remains competitive and thrives in a post-Brexit world

As a result of these results and feedback from member, LCCI is calling for the next Government to create a business environment conducive to growth by:

Facilitate greater devolution for London focused on London Finance Commission proposals to help the capital fund future skills and infrastructure needs.

Undertake a fundamental review of business rates to ensure the tax remains fit for purpose in today's digital age, and give London government greater flexibility over rates administration.

Review the impact of office-to-residential permitted development rights within the capital and explore how to safeguard essential office and commercial space.

Encourage greater SME take-up of exporting opportunities through raising awareness of departmental support services and arranging more trade missions and to potential new international markets.

ENDS

Media Contact
Katharine McGee
T: +44 (0)20 7203 1897
M: +44 (0)7827 241528
E: kmcgee@londonchamber.co.uk

NOTES TO EDITOR:
1. LCCI is the capital's most representative business organisation, with members ranging in size from multi-national companies to SMEs and sole traders.
2. Colin Stanbridge, Chief Executive, is available for further comment and interview.
3. More information on each of the priority areas is available by contacting the media office on the contact details above.