'In our local economies, too many people, places and communities are being left behind.'
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'Liverpool is undergoing an unprecedented renaissance with billions of pounds reshaping the city's economy.'
Wales will be the first country in the world to embrace the ‘Foundational Economy’ approach.
Waltham Forest will become the first London borough to trial the scheme, which will try out ideas to improve access to London’s shops and services at night.
Giving London – along with the country’s other cities and regions – greater powers and funding responsibilities would allow local governments to make better spending decisions, Khan said.
'The focus should be on rebalancing the economy, making sure work pays, supporting local economies and high streets.'
'The sector needs more financial support in order to fulfil its economic potential.'
The new Night Time Enterprise Zone, now open to bids from London borough councils, will help councils, businesses and residents try out new ideas to liven up their high streets after 6pm.
'Rooted in the national Industrial Strategy, these Local Industrial Strategies go to the very heart of what LEPs are judged by: namely, the difference they make to their communities.'
'We know that the best people to decide how to tackle local challenges are the people who live and work in the area.'