The London Chamber of Commerce & Industry has recommended that the government registers brownfield land.
This comes in a manifesto from the body that sets out measures to ensure London remains the driver of the UK economy.
The manifesto is put together following regular polling of 500 business leaders in the city.
The under supply of housing is a main issue for the group, 59% of respondents said it was leading to pressure for wage increases and 42% said as a result of the shortage they were struggling to recruit skilled workers.
The LCCI recommends registering brownfield and surplus land for development and deferring CIL for sites under 50 homes until the properties come onto the market.
Respondents were also strongly in favour of giving the GLA more financial power, with 81% saying the mayor should retain more taxes. The LCCI recommends that the GLA retains all property taxes including stamp duty, business rates and council tax.
Colin Stanbridge, chief executive of the LCCI, said: “Although London’s business leaders are confident about the capital’s improving prospects – 47% expected the London economy to improve in the next 12 months according to our latest survey – the next government must not overlook the importance of London as a key contributor to the success of UK PLC and act to address the issues faced by the capital’s businesses.
