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Innovation and Growth

20 June 2019

Director of Economic Development

Damian Nussbaum, ​Director of Innovation and Growth

What is Innovation and Growth?

The City of London Corporation is dedicated to a vibrant and thriving City of London, supporting a diverse and sustainable London within a globally successful UK. 

Innovation and Growth works to strengthen the UK's competitiveness as the world's leading global hub for financial and professional services to support a thriving economy. We assist the Chair of Policy & Resources, the Lord Mayor and Members in their work promoting the City and support the City of London Corporation’s core objectives, as set out in the Corporate Plan.  We support prosperity, a greener economy, a diverse workforce, and stronger social impact.  

This is vital if the UK is to continue as the world’s leading global hub for financial and professional services. The industry supports 2.3 million UK jobs and contributes over £70 billion in tax revenue – the equivalent of half the NHS.

The work of  Innovation and Growth is organised under four headings:

  • Nurturing an innovative ecosystem that harnesses technology for new challenges like cyber and opportunities like impact investing.
  • Sustaining a world-class business environment that makes the UK an attractive place to invest, start businesses and create jobs.
  • Expanding access to global opportunities for UK financial and professional services firms, so that their products and services can be easily sold to key export markets.
  • Securing global recognition of the UK’s financial and professional services offer, in order to attract talent, business and investment.

The office is led by Damian Nussbaum, Director of Innovation and Growth.

The Innovation and Growth Directorate was formerly known as the Economic Development Office.

To find out more about our work in support of UK financial and professional services, please subscribe to the City of London Corporation's monthly Highlights newsletter.

Read more about our work

26 August 2016
Last Modified:
27 November 2019