Since its launch in 2016, the Luton Investment Framework (LIF) has delivered significant levels of economic growth and investment in Luton. The LIF has already surpassed its target to bring £1.5 billion of inward investment to Luton and is now on course to deliver a total of £4.5 billion to the local economy.
Sitting at the heart of the Golden Triangle, formed by London and the university cities of Oxford and Cambridge, Luton is ideally placed to support delivery of impressive economic growth across a range of sectors including innovation, digital technology, the sustainability industries, research and finance.
Yet despite the success of the LIF so far, it is clear that many in our town are still not feeling the benefits. The Inclusive Growth Commission’s report highlighted this and raised many challenges for our town, including the impact of poverty and deprivation on many of the most vulnerable and left behind in our community.
To address this and the many other challenges set out in the Inclusive Growth Commission report, the council has launched its vision for Luton 2040, a town where no-one lives in poverty. This ambitious agenda is a natural progression from the LIF, to ensure that everyone in our town is able to benefit from the economic growth that has and will continue to be generated.