The London Development Agency (LDA) has awarded £2m in funding to support the training and development of London’s creative sector.
In addition to the LDA’s £2m of funding, a further £1.5m will be awarded by the Department of Communities and Local Government, which will also be managed by the LDA.
Rebecca Shepheard, LDA director of contract management, said: ‘The creative sector is a key part of London’s economy, worth £21bn and responsible for a fifth of all new jobs in London.
‘We fund a number of creative projects, such as Film London and the British Fashion Council. This latest support for Metropolitan Works comes at a time when helping London’s businesses is vital to get them through the economic downturn. It is timely that the launch of this exciting project will begin to immediately provide much-needed support to the creative and manufacturing sector.’
Mayor of London Boris Johnson added: ‘London’s creative sector makes a significant contribution to London’s economy. It is also filled with talented people – drawn to the capital from across the world – who add to the excitement and buzz of London life. It is vital that we continue to enable creative businesses to thrive, so that we can emerge out of these difficult economic times as the leading city for innovation.’The latest funding follows a succession of projects, including the unveiling of the Mayor’s Economic Recovery Action Plan, which is designed to get London back on track following the economic downturn.