UCL joins Board of London Economic Action Partnership
3 January 2017
Dr Celia Caulcott, Vice-Provost (Enterprise and London), has been appointed to the board of a new Local Enterprise Partnership (LEP) launched by the Mayor of London, Sadiq Khan, to help boost jobs and support economic growth in the capital.
UCL is the only university to be represented on the board of the London Economic Action Partnership (LEAP) which brings together the Mayor, London Councils and business leaders across all sectors.
UCL’s involvement in the partnership is integral to the university’s London strategy which looks to deepen UCL’s contribution to the city in all aspects including teaching, research and support for businesses and innovation.
The LEAP will provide strategic oversight of the Royal Docks Enterprise Zone, which has the potential to deliver up to 40,000 jobs and 4,000 homes in east London, the London Growth Hub, the new online gateway to business support in the capital, and London’s European Structural and Investment Funds.
The Mayor of London, Sadiq Khan, said: “This new business-led partnership provides a fantastic opportunity to ensure growth funding is invested in a way which makes a real difference to London’s businesses.
“Clearly, London is open for business and I look forward to working with the members of the LEAP to take forward my new economic development strategy for London”.
Dr Caulcott said: “UCL’s presence on the board of LEAP will enable the outstanding higher education sector in London to contribute our world-class expertise to support business and innovation in London, helping us achieve our shared goal of making London a better place to live and work in for all.”
The LEAP replaces the London Enterprise Panel and aims to be a more representative, streamlined, and business-led body. This includes an increase in the number of private sector representatives, of which 50 per cent are now women. There is also greater representation from London’s entrepreneurs and small businesses, with one member nominated to represent and engage with the SME business community.
In addition to overseeing current growth funding, confirmation of the funding allocation to the LEAP from the £492m for London and the south east in the Autumn Statement will be announced by government in due course.