L O N D O N S M A R K E T S U P D AT E TO N AB M A C O N F E R E - - PowerPoint PPT Presentation

U N D E R S TA N D I N G L O N D O N ’ S M A R K E T S

U P D AT E TO N AB M A C O N F E R E N C E , J AN U A RY 2 0 1 7 AN D R E W M C C AL L , R O I T E AM

55

M A R K E T P R O J E C T S F U N D E D S I N C E 2 0 1 1

23

P R O J E C T S I N D E L I V E R Y

T H E A I M O F T H E L O N D O N M A R K E T S B O A R D I S T O :

• P R O M O T E M A R K E T S I N A L L T H E I R F O R M S A N D T O

L O B B Y O N B E H A L F O F T H E I N D U S T RY

• D E L I V E R I M P R O V E M E N T S I N L O N D O N ’ S M A R K E T

S E C T O R B Y B U I L D I N G A N E V I D E N C E B A S E A N D D E V E L O P I N G A C T I V I T I E S A N D P O L I C I E S T H AT S U P P O R T L O N D O N ’ S W H O L E S A L E , S T R E E T A N D C O V E R E D M A R K E T S

• P R O V I D E S T R AT E G I C O V E R S I G H T O F L O N D O N ’ S

M A R K E T S S E C T O R , I N F O R M I N G T H E L O N D O N M A R K E T S S T R AT E G Y

• S U P P O R T A N D G R O W M I C R O B U S I N E S S E S , S M A L L

A N D M E D I U M E N T E R P R I S E S ( S M E S ) I N L O N D O N A N D P R O M O T E E N T E R P R I S E , I N N O VAT I O N T H E A C Q U I S I T I O N O F S K I L L S F O R S U S TA I N E D E M P L O Y M E N T

L O N D O N M A R K E T S B O A R D

U N D E R S T A N D I N G L O N D O N ’ S M A R K E T S : A I M S

‘The primary audience for this study will be political decision makers and policy makers at Local Authority and GLA level. The report will also communicate the value of markets to wider audiences with an emphasis on powerful and impactful stories, statements, facts and

• figures. We believe the output will

also be welcomed by investors and developers interested in the potential of retail markets, but currently frustrated by a lack of performance metrics ... ‘

U N D E R S T A N D I N G L O N D O N ’ S M A R K E T S : O U T P U T S

• N EW MA P OF A LL LON D ON ’S MA R K ETS ON

LON D ON .GOV

• W R ITTEN R EPOR T W ITH R EC OMMEN D ATION S
• MA PS, IN FOGR A PH IC S, C A SE STU D IES,

STAKEHODER INTERVIEWS

• C ON TEXTED MA PPIN G OF MA R K ETS
• EA SY TO R EA D D ATA VISU A LISATION
• TOOLK IT FOR PER FOR MA N C E A N D EC ON OMIC

BENCHMARKING

U N D E R S T A N D I N G L O N D O N ’ S M A R K E T S : T A S K S

• A U D IT OF GR EATER LON D ON ’S MA R K ETS

PR OVID IN G SEA R C H A B LE IN FOR MATION

• IN TERVIEW S W ITH MA R K ET PR OFESSION A LS

A N D STA K EH OLD ER S

• METH OD FOR EVA LU ATION OF VA LU E

D ELIVER ED B Y MA R K ETS – EC ON OMIC A N D N ON - EC ON OMIC

• EVA LU ATION OF PER D AY R EVEN U E B Y STA LL

TYPE

• C A SE STU D IES OF LON D ON MA R K ET

D EVELOPMEN TS & IN N OVATION S

• MA PPIN G A N D VISU A LISATION OF MA R K ETS’

IMPA C T A C R OSS LON D ON

M A P P I N G : C O R R E L A T I N G M A R K E T S T O L O N D O N ’ S P R O F I L E

G R A P H I C R E P R E S E N T A T I O N O F K E Y D Y N A M I C S

L O N D O N ’ S M A R K E T S – P A R A L L E L W O R L D S

LON D ON ’S MA R K ETS SC EN E TOD AY:

• MARKETS : PRODUCTIVE USE OF TOWN

C EN TR E LOC ATION S , SU PPOR TIN G 7 TIMES A S MA N Y JOB S A S A SU PER MA R K ET OF TH E SA ME FOOTPR IN T

• TODAY FEWER THAN HALF OF MARKETS

MA N A GED B Y LOC A L A U TH OR ITIES

• GEN ER A L MA R K ETS STILL A C C OU N T FOR

A LMOST H A LF OF LON D ON ’S MA R K ETS – B U T FA C E MA N Y C H A LLEN GES

• N EW GEN ER ATION MA R K ETS SH OW STR ON G

GR OW TH IN N U MB ER A N D PR OFITA B ILITY

C H A L L E N G E S F A C I N G G E N E R A L M A R K E T S

R O I T E A M W O R K O N P E R S T A L L T U R N O V E R F O R B O T H L O N D O N A N D A L L U K ND LON D ON MA R K ETS VS R EST OF U K

• IN LONDON 7 OUT OF 15 STALL TYPES

PR OD U C E PER D AY R EVEN U E W ELL B ELOW U K AVER A GES

• ON LY 4 OF 15 STA LL TYPES SIGN IFC A N TLY

OUTPERFORM THE UK AVERAGE

• FOR 9 OU T OF 15 STA LL TYPES AVER A GE

W EEK D AY TA K E IS LESS TH A N H A LF OF W EEK EN D TA K E

• MA N Y W EEK D AY ON LY MA R K ETS LEA D A

MA R GIN A L EXISTEN C E

T H A N K I N G O U R C L I E N T G R O U P A N D A L L S T A K E H O L D E R S F O R Y O U R S U P P O R T U N D ER STA N D IN G LON D ON ’S MA R K ETS : SC H ED U LE TO LA U N C H

• LA U N C H SC H ED U LED TO C OIN C ID E W ITH

A N N OU N C EMEN T OF LON D ON MA R K ETS B OA R D

• D IGESTIN G C OMMEN T FR OM C LIEN T GR OU P
• MAYOR A L LA U N C H A N D EN D OR SEMEN T IN

LON D ON MA R K ET

• FOLLOW U P EVEN TS :
• EXH IB ITION OF PH OTOS AT C ITY H A LL
• STA K EH OLD ER SEMIN A R FOR D ISC U SSION OF

ISSU ES

T H A N K Y O U F O R Y O U R A T T E N T I O N A N Y Q U E S T I O N S ?

ANDREW MCCALL, ROI TEAM, RESEARCH CONSULTANCY TINA JADAV, REGENERATION TEAM, GREATER LONDON AUTHORITY