London's development body has released £23m to support unemployed people and employment-based skills training throughout the expected recession. The London Development Agency said the cash allocation, partially financed by the European Social Fund, formed part of London mayor Boris Johnson's plan to help Londoners survive the credit crunch. Recent reports on the expected fall out from the downturn have identified the capital's local authorities as the most vulnerable in the UK. Peter Rogers, LDA chief executive, said the LDA/ESF initiative would provide skills training to volunteers working on the 2012 Olympic Games project, with the aim of securing long-term roles for such staff.
