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BBC News
10-03-2025
- Business
- BBC News
Sir Sadiq Khan in Cannes to 'bang the drum for London'
Mayor of London Sir Sadiq Khan is in Cannes, France, trying to attract big investors to spend their money in the is leading a team from City Hall at Europe's biggest property conference - MIPIM - the first time in his nine years as mayor that he has mayor is looking for an investment of £22bn in 20 key projects, including at Liverpool Street, Waterloo, Euston and Victoria London boroughs are also seeking money during the trip. Barnet Council wants investors to help in its Brent Cross Town project, and there are also bids from Islington, Waltham Forest and Lambeth councils. Previous mayors Ken Livingstone and Boris Johnson have both attended MIPIM, which puts international developers and investors in the same town as those wanting to raise conference website said the event was designed for investors to "access global capital" and for those attending to "discover solutions to make assets more sustainable in a changing world". 'Stimulating growth' Speaking to BBC London, Sir Sadiq said: "One of the ways to stimulate growth in our economy is more foreign direct investment. "That will help build more homes, help invest in public transport, and help invest in infrastructure.""I don't apologise for banging the drum for London at the MIPIM conference."The mayor will be joined in Cannes by his deputy mayor for business, Howard Dawber, his deputy mayor for housing, Tom Copley, and deputy mayor for planning and regeneration, Jules the banner of "Opportunity London", there will also be representatives from London boroughs, Transport for London and Network Rail in attendance. More affordable homes The so-called "London Investment Prospectus" also details plans for thousands of new affordable homes that could be built if the money could be Sadiq will speak at a session on affordable housing on Monday and then open the London stand the following comes after shadow Housing Secretary Kevin Hollinrake accused Sir Sadiq of overseeing a "catastrophic" rate of progress on the rate of affordable home property industry expert, who preferred not to be named, told the BBC: "It is good to see the mayor engaging with the industry by going to MIPIM for the first time."He has not always had the easiest relationship with developers."
BBC News
28-01-2025
- Business
- BBC News
London mayor to attend property conference amid growth push
London's mayor Sir Sadiq Khan is to go to Europe's biggest property conference this year for the first a move seen as reflecting the central importance of the Labour government's growth agenda, he will attend MIPIM in event - held over four days in Cannes on the French Riviera - is an opportunity to meet international developers and property moguls interested in investing in the Livingstone and Boris Johnson both attended as mayor, seeing it as an opportunity to bang the drum for London, but in eight years Sir Sadiq had chosen not to go. With London experiencing an acute shortage of affordable homes, it will be an opportunity for the mayor to meet developers and investors who could year deputy mayor Jules Pipe represented City Hall while then Barking and Dagenham Council leader Darren Rodwell and City Corporation leader Chris Hayward led a delegation promoting the capital under the banner "Opportunity London".One of those previously involved in the London campaign, who asked not to be named, said it had been disappointing that Sir Sadiq had not attended before."He has not felt comfortable meeting developers so far but it seems he now recognises the importance of this event, and that is a good thing," they said. Sir Keir Starmer has placed growth at the heart of his government's plans, putting pressure on mayors and council leaders to come up with ideas for boosting their local deputy mayor for business Howard Dawber is finishing off the capital's new "growth strategy" which is due to be launched at the end of next are strong indications that the government will on Wednesday revive plans for a third runway at Heathrow Airport, as a clear signal of its dash for Sadiq has previously opposed expansion and said his position had not said he had been guided by the previous verdict of the independent Climate Change Committee that a third runway would conflict with net zero obligations and carbon emission is understood the mayor's schedule at MIPIM has not been finalised but is likely to include at least one set-piece speech at the main London stand.
