25.In relation to the LDA (established by the Regional Development Agencies Act 1998), the Act provides for the Mayor to exercise most of the functions exercisable by the Secretary of State in respect of other regional development agencies. The LDA will be responsible for economic development and regeneration and will promote competitiveness and employment in London.
26.The Mayor will be responsible for London's economic development strategy. It will be prepared by the LDA under the Mayor's guidance, and agreed or amended by the Mayor before publication. The LDA will be responsible for implementing this strategy.
Background Functions of the GLA Economic Development