10 July 2023
Playing host to over 53,000 businesses and one-eighth of London’s jobs, Westminster’s economy is critical to the capital. Westminster City Council last month launched its Fairer Economy Plan with ambition to develop a sustainable economy that delivers inclusive growth that benefits all.
The plan features three main objectives:
- Resilient Businesses and High Streets – where small businesses are supported to grow and communities thrive.
- Vibrant West End – providing a world class offer and quality experience to residents, businesses, workers and visitors.
- Employment Opportunities for All – so that residents have the right skills to take advantage of the city’s employment opportunities and can develop fulfilling careers.
Immediate steps towards achieving these objectives include supporting small businesses, business growth sectors and local high street revitalisation. There is also help for businesses to implement energy efficiency and carbon saving measures in the transition to net zero, and support to address skills shortages in industries with higher vacancy rates.
We will continue to work closely with the Council on these activities and look forward to supporting them in driving the plan forward, for example continuing our initiatives to address recruitment challenges in the hospitality sector through our Smarter Giving programme.