Economy, Culture and Sport Committee The administration of Visit London July 2011 Economy, Culture and Sport Committee The administration of Visit London July 2011 Copyright Greater London Authority July 2011 Published by Greater London Authority City Hall The Queen’s Walk More London London SE1 2AA www.london.gov.uk enquiries 020 7983 4100 minicom 020 7983 4458 ISBN This publication is printed on recycled paper Economy, Culture and Sport Committee Members Dee Doocey (Chair) Liberal Democrat Len Duvall (Deputy Chair) Labour Tony Arbour Conservative John Biggs Labour Andrew Boff Conservative Victoria Borwick Conservative The Committee welcomes feedback on this report. For further information, contact Tim Jarvis on 020 7983 4390 or
[email protected]. For press enquiries contact Alastair Cowan on 020 7983 4504 or
[email protected] Contents Executive Summary 7 Introduction 9 The decision to create a single promotion agency for London 11 Taking forward the decision 19 The role of publicly funded private companies 27 Conclusion 33 Appendix 1 Timeline 34 Appendix 2 Recommendations 39 Appendix 3 Orders and translations 40 6 Executive Summary On 17 March 2011, the interim board of London and Partners, the Mayor’s new single promotion agency, decided not to take over Visit London’s role as participating employer in the British Tourist Board pension scheme. This decision left Visit London, one of the organisations London and Partners was to replace, with responsibility for the outstanding liabilities of this pension scheme. With insufficient assets to meet these liabilities, Visit London went into administration on 1 April 2011.