Financing Urban Resiliency: Investing in Complete Communities in the London City Region
December 3, 2018
8:30am - 4:00pm
The Park Plaza Westminster Bridge Hotel, 200 Westminster Bridge Road, SE1 7UT, London, UK
DescriptionThis Lab is part of a series of workshops, held in partnership with AECOM, which will examine ways to engage and accelerate new forms of capital to the urban resiliency space across a handful of global cities. Resilience refers to the adaptability of the physical, social and economic systems of a city. One of the London City Region’s greatest challenges is building affordable housing that is effectively connected to the London city center.
The Lab will bring together a group of investors, government decision-makers, academics, NGOs, developers, alternative lenders and industry experts to address the current challenges through more innovative financing and policy design. This workshop will have participants focus on de-risking affordable housing development in the London City Region as a case study, and map out practical, real-time solutions to address the current funding risks. Participants will explore various themes including alternative methods of project preparation, new governance and planning structures, unconventional sources of pre-development or lower cost funding, and ways to diversify existing mechanisms for private investment into housing and infrastructure schemes. Attendees will also look to programs underway in other geographies to glean insights that could be applied to the London City Region. The session will provide an opportunity to map out a strategic plan with concrete action items to scale delivery.
Financial Innovations Labs are the Milken Institute's signature research tool, bringing together researchers and policymakers with business, finance, and professional practitioners to create market-based solutions to business and public policy challenges. The findings of these interactive Labs are publicly distributed. Previous topics have included residential energy-efficiency, small-business financing, archaeological discovery and conservation, and biomedical research and development. (Click here for samples of reports from previous Labs.)