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London Ventures to lead cross-sector improvements

A new partnership between London Councils and consultants EY has been launched to increase investment in public services. 

London Ventures was commissioned by the Capital Ambition board, and will take forward five collaborative projects to cut costs and boost services. These include introducing software for back office tasks, supporting social workers to assess risk using predictive analysis, and crowdfunding for civic projects. 

Chair of Capital Ambition board, Edward Lord, OBE JP, said: “The London Ventures programme will allow boroughs to tap into a range of innovative ideas from the private sector which can bring significant benefits to residents. It points the way for the sector to engage in a commercial relationship suited to today’s challenging economic environment.”  

Darra Singh, government and public sector partner, EY, said: “The unprecedented reduction in local authority budgets has created an urgent need for a new way of working between the private and public sector.  

“With £9bn spent annually on public services in London, the scheme involves using the bargaining power of the 33 London authorities, including the City of London, to allow private companies to come forward with proposals that have the potential to transform public services.” 

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