Sadiq Khan's Historic Debut at MIPIM: Aiming to Transform London's Growth Strategy

London Mayor’s First MIPIM Attendance

In a significant shift towards fulfilling the Labour government’s growth agenda, London Mayor Sir Sadiq Khan is set to attend MIPIM, Europe’s largest property conference, for the first time this March. The conference takes place in Cannes, France, over four days and serves as a vital platform for networking with international developers and property investors interested in contributing to London’s future.

Learning from Predecessors

Khan’s predecessors, Ken Livingstone and Boris Johnson, recognized MIPIM’s potential for championing London’s properties and developments. In contrast, Sir Sadiq has largely avoided the event during his eight-year tenure. This forthcoming attendance underscores a newfound recognition of the importance of building relationships with developers, particularly in light of London’s critical housing shortage.

Opportunities for Affordable Housing

With the pressing need for affordable housing in the capital, Khan’s participation in MIPIM presents an opportunity to engage with potential partners who can aid in addressing this crisis. Prior to his involvement, the deputy mayor Jules Pipe, along with various council leaders, had represented the city, but insiders expressed disappointment over Khan’s absence until now, noting his previous discomfort with engaging developers.

Government’s Push for Economic Growth

The urgency for economic development comes from Sir Keir Starmer’s directive to make growth central to government plans. There is marked pressure on leaders at all levels to devise strategies that enliven their local economies.

Upcoming Strategies and Challenges

Howard Dawber, deputy mayor for business, is finalizing a new growth strategy for the capital, to be unveiled soon. As the government prepares to potentially revive plans for Heathrow Airport’s third runway—despite Khan’s opposition due to environmental concerns—Khan’s schedule at MIPIM is expected to include prominent speeches promoting London’s new growth vision.

Conclusion

Khan’s decision to attend MIPIM marks a pivotal moment in his administration, signaling not only an intention to reshape London’s economic landscape but also to embrace opportunities that may arise through collaboration with international investors.