City Plan 2040

01 Feb 2024

The draft ‘City Plan 2040’ has been approved for consultation by the City of London Corporation’s Planning and Transportation Committee meeting this week (Weds 31 January). The draft Plan, provides a planning and policy framework that will guide the growth of the Square Mile over the next 16 years.  

These will underpin the City Corporation’s strategic priorities including; powering a growing, vibrant and competitive economy. Key policy drivers include provision for an additional 1.2m sqm of office floorspace by 2040, and transforming the Square Mile into a 7-day-a-week cultural and leisure destination. Committee Chairman Shravan Joshi MBE, said: 

The City Plan 2040 will help to shape the built environment in ways that rise to the challenges of our time while making the most of the many strengths of the Square Mile."

At the meeting, members were supportive of the draft Plan progressing forward, with 18 voting in favour and 1 abstention. The Committee discussed tall buildings policy in conservation areas and specific provisions regarding Bevis Marks Synagogue. The synagogue submitted representations on these, alongside campaign group SAVE. The CPA also submitted a letter which formed late addendum items for the committee stressing the need for representations on the Plan to be made in accordance with national policy through a fair and equitable consultation process. We also stated the City’s unique role and policy requirements to deliver economic growth for London and the UK.       

Subject to the approval of the Policy and Resources Committee and Court of Common Council, the City Plan will be published for public engagement as part of the formal Regulation 19 consultation. Further details on the draft Plan and next steps can be found in CPA Board member Jermey Randall’s (Partner, Gerald Eve) blog here. 

Further reading:

Blog: Things to look out for in the City Corporation’s transformative draft City Plan 2040 by Jeremy Randall

Blog: The City’s Sustainability SPD – Balancing net zero and economic competitiveness by Peter Twemlow

Blog: Tall buildings, heritage and the future of the office by Jeremy Randall