ABSTRACT
Part V of the Act establishes the London Development Agency and amends the Regional Development Agencies Act 1998 in relation to London. The Mayor is responsible for appointing the 15 members of the London Development Agency, and must ensure that at least four members are elected members of the Assembly, a London borough council or the Common Council of the City of London. The Mayor must consult the London Assembly before making appointments. The Chairman is designated by the Mayor, and must be a ‘person who has experience of running a business’ (section 304). The functions of the London Development Agency is to further economic development, promote business efficiency, investment and competitiveness, promote employment and to enhance the development and application of skills relevant to employment and to contribute to sustainable development.
