Inner London’s economy: What does it mean for Lewisham?

The Centre for Cities published a report entitled Inner London’s economy: a ward level analysis of the business and employment base   in October 2013.  It doesn’t look particularly encouraging for Lewisham, as in the following illustrations.

lewfig2

Their Figure 2 shows that the population decreases during the day, implying that people go elsewhere to work (or perhaps study).

lewfig3Figure 3 shows no sign at all of any concentration of businesses  that might serve as a nucleus for further developments.

lewfig7Similarly, Figure 7 shows a rather limited number of start-ups.

lewfig9

This may be explained, at least in part, by Figure 9, which shows that the accessibility of public transport is far from great.

lewfig10

The maximum broadband speeds in Figure 10 might be more encouraging for Lewisham…if it wasn’t overshadowed by the need to make a point about more glamorous places…

So in conclusion we get a picture of Lewisham as somewhere people live so that they can work elsewhere but the state of the transport links means it’s not too easy.  That sounds like many parts of London in the 1970s:  a decaying nowhere, but surprisingly close at hand.  To be optimistic, it may be that even a slight improvement in transport will mean a substantial increase in house prices for Lewisham residents, and an influx of employment so they don’t have to use the transport after all.

 

 

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