Travel in London Travel in London

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12. Spotlight: The transport challenge of London’s future growth further economic decline and fall in jobs in 2008 and 2009. Since then, job growth has been exceptionally strong. Between 2011 and 2014 the number of jobs in London grew by 640,000, an annual average of 4.2 per cent or more than 200,000 jobs per year. This recent strong growth compares with an average growth rate of 0.7 per cent or 29,000 jobs per year between 1984 and 2011. The large increase in the number of jobs has been accompanied by a significant change in the structure of London’s economy since the 1980s. The number of manufacturing jobs halved between the mid-1980s and mid mid-1990s, and then halved again by 2011. In contrast, the professional, real estate, scientific and technical services sector grew over this period, with jobs in this sector doubling between the 1980s and 2011. Since 2011 growth in this sector has been higher than other major sectors and much higher than the longer-term trend, growing by annual average rate of 7.3 per cent compared with an annual average of 3.0 per cent between 1984 and 2011. Figure 12.14 Projected growth in employment in London, 2011-2041. 7 6 Employment population (millions) 5 4 3 2 1 0 London Plan 2015 employment projection Interim updated employment projection, June 2015 Source: TfL Planning, Strategic Analysis. Spatial patterns of future employment growth Projecting forward to 2041 (figure 12.15), the largest growth in employment will be in central and inner London. Narrowing the focus to 2031, London’s Opportunity and Growth areas are expected to play a key role in supporting London’s growth, with potential capacity to support nearly 600,000 jobs. In the east the Opportunity areas in the Isle of Dogs, Lower Lea Valley and the Royal Docks have total capacity for 200,000 jobs (figure 12.16). 266 Travel in London, Report 8
12. Spotlight: The transport challenge of London’s future growth Figure 12.15 Employment change – 2011 to 2041. Source: TfL Planning, Strategic Analysis. Figure 12.16 Projected employment change to 2031 – biggest changes in London’s Opportunity and Growth areas. Source: TfL Planning, Strategic Analysis. Travel in London, Report 8 267
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Spotlight topics 203 Travel in Lond
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