Taskforce to tackle the ‘cultural catastrophe’ facing London

Leaders from sectors including financial and professional services, tech firms and cultural organisations are meeting over the next three months to find new ways that London’s cultural and commercial sectors can work together to support creative businesses and sustain London’s position as a global business hub. The new Culture & Commerce Taskforce is chaired by the Lord Mayor of the City of London, William Russell, and will be driven by the City of London Corporation and ‘Culture Mile’, its cultural district.

Estimates suggest that the creative industries are suffering twice the hit as the wider economy due to the pandemic, with London expecting a £14.8 billion drop in GVA and 110,000 job losses.