10 September 2015

  |  CBI London

Update

Call for London transport investment

The new CBI/ CBRE London Business Survey was launched this week, highlighting the key issues for businesses in the capital.

Call for London transport investment

Helping to launch the survey findings, The Rt Hon Lord Adonis, Mike Brown, Transport for London Commissioner and Andrew Baird London MD, Barratt Developments joined the panel at CBRE's offices to give their views on the results.

Click here to listen to the key findings and the panellist’s opening remarks.

The top issues that firms in the capital believe the new Mayor must prioritise include investment in transport networks (76%), improvements to the housing offer (59%) and the need for effective strategic planning decisions (41%).

The survey also showed the impact the current housing crisis is having on business, with almost two thirds of (57%) citing housing costs and availability as having a negative impact on the recruitment of entry-level staff and 50% of firms offering premium wages/retention payments to attract and retain staff.

On infrastructure, 70% think that the increased strain on the capital’s infrastructure will have a negative impact on their business. The top infrastructure projects that businesses would like to see prioritised include improvements to the road network (56%), as well as better digital connectivity (49%).

The London Business Survey provides a barometer of business views and will be used by the CBI as a comprehensive lobbying tool throughout our conversations with key government ministers and mayoral candidates over the months ahead.

Click here to read the survey or contact Sana Nabi on sana.nabi@cbi.org.uk for more information.