1、An Economic Analysis of the West London Economy 1 AN ECONOMIC ANALYSIS OF THE WEST LONDON ECONOMY JANUARY 2025 An Economic Analysis of the West London Economy 1 TABLE OF CONTENTS Executive summary.2 1.The West London Economy.3 1.1 West London has strong economic fundamentals.3 1.2 The local economy

2、is still recovering from the pandemic .6 1.3 Baseline growth is expected to be modest.9 1.4 Summary:Solid foundations but room for growth.10 2.The role of strategic sectors in unlocking growth.12 2.1 Introduction.12 2.2 Life Sciences.12 2.3 Advanced manufacturing.16 2.4 Logistics and aviation.18 2.5

3、 Creative,Digital and tech.21 2.6 Clean Energy.23 2.7 Summary:Strong opportunities but recognised challenges.25 3.Unlocking potential:the growth enablers.27 3.1 Introduction.27 3.2 Energy infrastructure.27 3.3 Digital Infrastructure.29 3.4 R&D and innovation.31 3.5 Access to finance and inward inves

4、tment.33 3.6 Skills.35 3.7 Transport accessibility.36 3.8 Housing.38 3.9 Health and wellbeing.40 4.Conclusion.42 An Economic Analysis of the West London Economy 2 EXECUTIVE SUMMARY Powering the UKs future economythe West London Advantage West London is a strong economic performer in the UK economy.I

5、ts economy is larger than Manchester and Birmingham combined,it hosts key national and regional assets such as Heathrow airport and Park Royal,and it will soon become HS2s gateway into London.The area acts as Londons manufacturing hub,an ecosystem for life sciences and the digital economy,a key supp

6、ort for logistics and exports,and a place of expertise in the screen production and post-production industries.West London is interconnected with the rest of the London economy,while also maintaining links to other economic clusters such as the M4 corridor,and it benefits from this position to attra