East London still racing ahead as Olympic boom creates 110,000 jobs

Oct 9, 2017 · standard.co.uk

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East London is the fastest growing part of the capital as the "Olympic effect" continues to attract jobs and investment, a major report reveals today.

The study revealed that an extra 110,000 jobs have been created in the area since the 2012 Games — more than three times the number forecast four years ago.

Mayor Sadiq Khan, who commissioned the data, said it showed that the capital’s centre of gravity was moving east as he addressed the Evening Standard’s Leading London conference.

The boom is expected to continue with an additional 125,000 jobs across the six Olympic boroughs by 2030, with many of these predicted to be in science and technology.

Mr Khan told the event: "The legacy of the 2012 Olympics is not just about the Queen Elizabeth Olympic Park. It is about delivering regeneration for an area of London that we want to last for decades to come. I am pleased to see this area of London is providing tens of thousands of new jobs for Londoners in important industries like technology, science and media.

"This is great news for east London, great news for our city and our country. It shows what can be achieved by bringing together a world-class public realm, access to culture and proper co-ordination between affordable housing, social infrastructure and transport, and should be a good example of providing good growth across our city.

"Businesses, universities and cultural institutions are flocking here and the centre of gravity in London is moving east."

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