The London Development Agency is the Regional Development Agency for Greater London, England. It is a functional body of the Greater London Authority. Its purpose is to promote London's economy, with an emphasis on small and medium enterprises. The principal way in which this is done is via the CompeteFor service it launched in 2008.The LDA is based in Palestra House, a new distinctive building at 197 Blackfriars Road, Southwark, south London across the street from Southwark tube station. The LDA Olympic Land team is based at London 2012 headquarters in Docklands.The London Development Agency also own the London Climate Change Agency.