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London’s continued economic competitiveness is directly linked to delivering the socio-economic legacy for East London. East London is both London’s available and spare economic capacity and asset base, and also the place with the most severe socio-economic challenges. London wants to retain global strengths and celebrate its economic diversity more substantially, at the same time as becoming a greener and more inclusive city.
East London can help London with economic diversification, with the growth of new clean tech industries and the emergence of other strengths in creative industries, media, logistics, aerospace, and tourism. At the same time, East London is critical to London becoming a greener and more inclusive city; it has the biggest concentrations of polluted land and disadvantaged populations.
Substantial and significant progress has been made in London both to prepare for hosting the 2012 Olympic Games and to secure from them a lasting legacy and wider local benefits. However, it is important to recognise at the outset the complexity of the task facing London and UK authorities in crafting a multi-party legacy and benefits programme.
London and UK government have put in place some special arrangements to capture the benefits of hosting the Olympic Games well in advance of the Games themselves. This is a notable and important dimension of the UK arrangements.
Although many cities have achieved a significant legacy, and several have planned actively in advance to achieve it, few cities will have prepared for it as directly and consciously as London has. The London Games are being substantially staged and organised in order to derive such benefits and arrangements to optimise outcomes have been in place for some time, and are in continuous evolution.
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