Context
The MP chairs the all-party parliamentary group for London as a global city, which published a report on the 'London-plus effect'. This refers to companies that first invest in London contributing £7.6 billion and creating 40,000 jobs throughout the country.
Question
I chair the all-party parliamentary group for London as a global city, and last year we published our first report which featured analysis of the London-plus effect, showing how companies that first invest in London go on to contribute £7.6 billion and create 40,000 jobs throughout the country. Is my hon. Friend's Department willing to consider convening roundtables with the Metro Mayors on how to maximise the potential benefit to the UK of the London-plus effect?
Answer from Kevin Hollinrake
My hon. Friend is absolutely right. Andy Street was very clear about the importance of London to regional development in the west midlands. The Department convenes roundtable joint sessions with the M10 Metro Mayors twice every year, in addition to ongoing ministerial-mayoral bilaterals and official-level engagement. Such meetings include discussions on shared priorities in international trade and investment and greater collaboration throughout all regions to increase foreign direct investment from new and existing investors.
Not addressed: The Department's willingness to convene roundtables specifically for the London-plus effect was not addressed directly.
How: Did Not Address The Specific Ask About Roundtable Discussions
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