Is London a Great City for Business?

London has always been advertised as an ideal travel destination for tourists due to the number of attractions located in the capital. However, does London have something to offer for those that want to invest or do business in it? The answer is yes and this is due to 5 reasons.

The Diverse Workforce

As of currently, London is home to approximately 8.1 million potential employees with varying skill sets and experiences. From native Londoners to immigrants, every job seeker in the city has something to offer for every business owner wanting to set up shop in the city.

A third of potential employees here moved to England after graduating from their local challenges and are armed with information on the latest trends and industry skills. 

Government Support

Both London and the UK government are supportive of businesses and investors which makes the city a viable investment opportunity. For instance, the Start Up Loans program can help any entrepreneur get the funding they need to start their businesses.

Also, the government offers several incentives like R&D tax credits, capital allowances, and even broadband connections for those that do intend to invest in the city.

You can also read: How to Easily Book a Meeting Room in London?

A Connected Network

By the late 2010s, there are more than 205,000 businesses currently operating in London and more are expected to start. This implies that the city has a lot of opportunities for businesses, entrepreneurs, and key industry figures to network with each other. If you are looking for private dining room Hire in London, for example, there are so many options waiting to fill that need.

It also helps that most of these businesses came flooding in after the Brexit vote was passed. This should put a lot of fears that Britain is becoming economically isolated to rest. 

A Lot of Potential Customers

As one of the busiest cities in the world, there are more than a million people that move through London at any given time. All that businesses have to do is to cater to a very specific set of people in order to make a profit. For instance, if one aims to provide Meeting Rooms in South Kensington, chances are that there are more than a hundred potential clients looking for such rooms within that district.

Constant Expansions

In a bid to counter the congestion, London’s government has proposed the New London Plan. This should increase the available work and business space to a degree in the years to come. 

For tourism businesses, this means that there will be no shortage of places for them to take their clients to. From high-class restaurants to museums and even to ancient sites, the city of London promises more than enough attractions to make a visit there all worth it.