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Businesses 'want more investment in London transport'

Wed 09 Dec 2009

Companies in the UK are keen to see improvements in London's transport network in order to achieve economic growth.

This was the discovery of new research carried out by the CBI and KPMG, which found that although many small firms are now feeling optimistic about emerging from the recession, they still think that London needs to increase its competitiveness in the global markets.

Some 76 per cent of respondents criticised the capital's roads for their unreliability, while 60 per cent said they think they are getting worse.

Many people said they think the London Underground needs to be modernised, while others stated that the roads need to be improved in order to reinstate London as a key economic player when the recession ends.

CBI director Nigel Bourne agreed that improved transport links will be key in terms of encouraging inward investment.

Meanwhile, it was announced this week that a roadworks permit scheme is to be introduced in London in order to cut delays on the roads.

Any company that wants to dig up the roads will need to apply for a permit before the work can begin.

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