{"id":7,"date":"2024-03-04T11:53:50","date_gmt":"2024-03-04T11:53:50","guid":{"rendered":"https:\/\/ma-appointments.co.uk\/lldc-chair\/?page_id=7"},"modified":"2024-10-25T14:39:29","modified_gmt":"2024-10-25T13:39:29","slug":"about-us","status":"publish","type":"page","link":"https:\/\/ma-appointments.co.uk\/lldcneds\/about-us\/","title":{"rendered":"About Us"},"content":{"rendered":"\n
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London Legacy Development Corporation<\/h2>\n

The London Legacy Development Corporation (LLDC or the Legacy Corporation) is a functional body of the Greater London Authority (GLA). Established in April 2012 as a Mayoral Development Corporation under the Localism Act 2011, it took over assets and projects of its predecessor body, the Olympic Park Legacy Company. LLDC became planning authority within its Mayoral development area on 1 October 2012 [1]<\/a>.<\/p>\n

LLDC operates within the overall legislative and governance framework provided by the GLA Act 1999<\/a> and 2007 and the Localism Act 2011. The Mayor of London appoints members to its Board and allocates its budgets. It is based in Stratford, east London.<\/p>\n

Our mission and success to date<\/h2>\n

LLDC\u2019s mission is to use the opportunity of the London 2012 Games and the creation of Queen Elizabeth Olympic Park to change the lives of people in east London and drive growth and investment in London and the UK, by developing an inspiring and innovative place where people want \u2013 and can afford \u2013 to live, work and visit.<\/p>\n

LLDC works closely with the four local boroughs of Hackney, Newham, Tower Hamlets and Waltham Forest and residents in neighbouring local communities, local organisations, businesses and regeneration agencies and national and international sporting, cultural and leisure organisations to deliver its strategic goals in a collaborative and integrated way.<\/p>\n

Since its establishment in 2012, LLDC has overseen the physical transformation of Queen Elizabeth Olympic Park into a major visitor destination for local, regional, national and international visitors. All of the permanent venues from the Games are in successful operation, generating jobs and skills for local people, delivering over 100 major sporting and cultural events, and attracting millions of visits per year. \u00a0The Park is also home to a growing collection of business developments, with major tenants taking space at Stratford Cross, and a thriving business and innovation centre at Here East.<\/p>\n

Delivery of a strategic plan for new homes, public space and social infrastructure is well underway, with more than 11,500 homes delivered across the LLDC\u2019s area to date, towards a target of 33,000.<\/p>\n

LLDC has overseen the construction of East Bank, a unique collaboration at the heart of the Park between BBC, Sadler\u2019s Wells, University of the Arts London\u2019s London College of Fashion, University College London and the V&A. With both universities now open and the other buildings nearing completion, East Bank represents a \u00a31.1bn investment in London\u2019s cultural, educational and innovation infrastructure, and is anticipated to drive a \u00a31.5bn return to the UK economy.<\/p>\n

Through its socio-economic programmes LLDC continues to support significant and sustained job creation in and around Queen Elizabeth Olympic Park, working closely with the four Growth Boroughs. To date, over 25,000 new jobs have been delivered towards a target of 40,000 by 2036. LLDC continues to ensure that local people and priority groups are supported to access these opportunities, as well as the wider benefits of East Bank, through targeted engagement and the creation of diverse employment pathways.<\/p>\n

LLDC has also supported the development of SHIFT, a catalyst for east London\u2019s innovators, brings together start-ups, businesses and academics to improve local outcomes and set the standard for sustainable cities worldwide.<\/p>\n

LLDC has a successful youth programme called Elevate, made up of two diverse groups of 14 to 25 year olds from the four local Boroughs, which regularly review and provide valuable input to our strategies, plans, design and development proposals.\u00a0 Elevate Board members currently serve as observers on the LLDC Board and Committees.\u00a0 A former Elevate Board member was appointed as an LLDC Board member in 2021.<\/p>\n

A changing Queen Elizabeth Olympic Park<\/h2>\n

Queen Elizabeth Olympic Park will undergo significant change over the coming years, as it moves naturally from the initial master planning and development phase. New neighbourhoods, business and visitor attractions will need to be maintained and managed and the number of people living, studying, working in, and visiting, the Park will progressively expand as developments are completed and East Bank becomes operational.<\/p>\n

This expansion will further cement the reputation of the Park as a destination of global significance, bringing with it the potential to stimulate further public and private sector investment and continue the transformation of this formerly deprived area of the capital into the place of opportunity envisaged in the original bid for the London 2012 Games.\u00a0<\/strong><\/p>\n

Next phase of LLDC<\/h2>\n

As we move towards this next phase in the development of the Park, it will be crucial to ensure that the commitments made in the original London 2012 bid with the respect to the regeneration of east London continue to be fulfilled.<\/p>\n

As set out in the Queen Elizabeth Olympic Park Strategy to 2025, LLDC has been developing plans for the delivery of continuing functions and the long-term operation and oversight of Queen Elizabeth Olympic Park. This process is sometimes referred to as Transition.<\/p>\n

Under the Localism Act, the Mayor of London is required \u201c\u2026to review, from time to time, the continuing existence of any existing MDCs\u201d. In September 2022, the Mayor agreed LLDC will remain a Mayoral Development Corporation and a functional body of the GLA, but with a reconstituted Board and governance structure, reduced functions and a more commercial focus in order to reduce the call on the public purse.<\/p>\n

The LLDC Board has emphasised the importance of maintaining the Park as a \u2018Great Estate[2]<\/a>\u2019, to safeguard the integrity and quality of the place into the future. LLDC has always made clear that there would be some elements of LLDC\u2019s current remit that would need to continue in the future. These include driving growth and inward investment to east London; overseeing world-class venues and the long-term estate and commercial management of Queen Elizabeth Olympic Park; realising the continuing delivery of legacy and inclusive economy aims; and driving delivery of high standard residential developments, including through two joint venture partnerships which will operate for the next ten years.<\/p>\n

Corporate Structure<\/h2>\n

LLDC has reviewed its structure in line with its future focus and strategic objectives and will be organised as follows:<\/p>\n