What do businesses need to thrive in London? What are the challenges they face?
Log in or register to take part in this discussion
Thanks everyone for sharing your views so far.
What do you think the Mayor can do to support businesses in London?
What does London need to do to help businesses thrive. Well that’s a pretty wide question. As someone who travels into London regularly from the suburbs ( Greenwich ) for meetings and work, I am constantly amazed at where people find the resilience to use public transport in rush hour. Once of a day rush hour was 0700 to 0900 now when I get on the bus to Travel to North Greenwich at 0600 it’s standing room only. At North Greenwich the Jubilee Line at 0615 is rammed with people and again standing room only and this now goes on until 0930. It is mind numbing. So better transport would be a start. Rents for small bus8nesses in London are simply beyond the means of most start ups and thankfully landlords are now starting to develop more smaller and more affordable and importantly flexible rented spaces often with communal facilities to encourage young people to develop their business ideas in flexible and comm7nal working facilities. Mobile phone signal - another issue - how is it possible to be standing in Central London in 2017 and for the mobile signal to continually drop away or drop to one or two bars. I can 02 the provider and they say it’s because of high use age levels and lack of availability of infrastructure in some areas. How can this be. What other service do we pay for and when it is not supplied we still pay? It’s unacceptable and the service operators should be made to develop the facilities so the service is seamless. Finally I agree that business support and grants for start ups need to be more easily available to encourage the new generation of tech businesses in the City.
I agree with your first section: London is full.
So the question "What do businesses need to thrive in London? What are the challenges they face?" should be asked alongside another question "Why don't people do their thing in other parts of the UK? Why is the GLA keen on luring more people into London?" It's extraordinary how much work they and other parts of government do to attract people, from tourists to arts and sports visitors to international students and even the odd state visit.
I wrote a very long blog post about international students, if anyone is interested.....
London businesses have access to Europe's best and most diverse workforce. However the resource cost is too high that is a major challenge for businesses.
Apart from that what I think businesses need attracting more foreign direct investment to thrive in London/UK. At a time when government small business grant scheme is helpful for startups & new businesses ( https://www.dnsassociates.co.uk/government-small-businesses-grants-uk ), it require to be more flexible so that new age entrepreneurs can reap out the maximum benefits.