The London-Stansted-Cambridge-Corridor Growth Commission will be launched on 01 December 2015.
As part of London, and with a successful tech-based economy in its own right, the London – Stansted – Cambridge Corridor could achieve significant international success over the next thirty years – but there is a need to articulate how this will happen. The LSCC Growth Commission will work to ensure that public and private sector leaders and understand the potential of the Corridor, and there is agreement on the key collaborations and actions needed to realise this.
Established as an independent initiative by the London Stansted Cambridge Consortium, the LSCC Growth Commission aims to provide independent analysis and advice to raise the global economic potential of the London-Stansted-Cambridge Corridor and make recommendations on how to achieve transformational change.
- Independent: will set out terms, work programme and final recommendations as directed and agreed by the Growth Commissioners
- Improve our delivery: Raise the global ambitions of the LSCC area to become a world class economic region and major engine of sustainable growth for the UK economy. State the advantage and value of the corridor for the UK and global economy – now and in the future.
- Expert evidence: Provide independent analysis and assessment on how more growth can be fostered and accommodated while enhancing the corridor as a high quality, sustainable location for businesses and communities.
- Challenge and build: Objectively challenge, test and develop the proposition that the London-Stansted-Cambridge Corridor has significant growth potential for the UK economy.
Tasks and deliverables
- Research programme: Agree and oversee the delivery of a research programme to inform the work of the Growth Commission and the four inquiry events outlined below.
- Inquiry events: Four thematic inquiries supported by research projects and expert witnesses/presentations. The Secretariat will provide briefings, secure speakers and venues, and manage each event. Growth Commissioners will assist with identifying and securing speakers, contributing to the debate, and making recommendations based on findings from each inquiry event.
- Final recommendations: With the assistance of the secretariat, the Growth Commissioners will agree a final set of options and recommendations to submit to the LSCC in late May 2016
- Articulate the economic potential: Clearly and convincingly articulate the significant economic potential of the corridor, and a cohesive case for supporting the corridor as an economic development zone. Agree a coherent and plausible high growth scenario.
- Major collaborative ventures: Provide ideas and details for 3 to 5 “big ticket” deliverables or actions which require collaboration across the corridor (Between LSCC partners, between businesses and private sector interests, and with HM Government)
- Delivery plan for growth scenario, collaborative ventures and potential transport investments: sufficient to provide enough detail to scope out the likely impacts and benefits in some detail. This relates to an agreed high growth scenario, major collaborative ventures, and major transport investments.
- Return on investment: Robustly quantify the economic potential that would result from the deliverables/actions identified and the returns to investment.