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Local Economic Assessment
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Local Economic Assessment
Under the Local Democracy, Economic Development and
Construction Act 2009, the Council has a duty to prepare a Local
Economic Assessment (LEA) for Redbridge. The aim of the assessment
is to ensure that the Council’s response to economic challenges is
informed by credible and robust evidence.
The Local Economic Assessment will also help
to ensure that the Council has a clearer understanding of the
conditions required for businesses to grow, with a comparison of
the economic strengths and weaknesses of the area.
We will use information gathered to inform
future statutory policies, including planning, licensing and
highways, and to assist in the attraction of inward
investment.
The Local Economic Assessment has an East
London focus and seeks to compare Redbridge’s strengths and
weaknesses with neighbouring boroughs.
On 12 July 2011 Cabinet agreed to publish the
Local Economic Assessment in order for its findings to be made
available to relevant service providers and stakeholders. The
Council’s Planning & Regeneration service will be updating the
LEA on an annual basis as part of the Local Development Framework’s
Annual Monitoring Report.
The
current Local Economic Assessment can be found
here.
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