The Plan announces £33 million of new money for business support - but £23 million of this was already announced a week ago. Similarly, the Plan claims "the £130 million Targeted Funding Stream" will be used to "help vulnerable householders improve the energy efficiency of their homes"- but much of this funding stream has already been committed for other programmes.
London Assembly Member, Jenny Jones said: "The Mayor seriously underestimates the scale of the economic crisis facing London. At a time when there is urgent need for concerted action to protect jobs and increase affordability, the Mayor's plan rehashes existing policies and re-announces current funding. The proposals will do nothing to make ordinary Londoners better off. ?
"Concerted action from the GLA could create thousands of much-needed jobs in low carbon industries - from home insulation fitters to designers and high-tech factory workers. Yet the Mayor's plans in this area remain weak, vague and underfunded. Instead of economic recovery, this is a plan for a missed opportunity," she added.