Did you know that London is one the most popular cities in the world? According to Ipsos MORI – which published the survey last year – many of the 18,000 individuals polled rated the capital highly for tourism, business opportunities, and considered it one of the best places to live. In fact, the survey revealed that London was regarded by the majority of respondents to be Europe’s top city. Could a London move benefit your business?
Therefore, perhaps it is no surprise that more than 14 million tourists visited the city in 2010, while thousands of individuals relocated there. Although few will deny that London holds an attraction, it is almost impossible to overstate the importance of the capital when looking at business opportunities. Simply put, companies who set up in the region could open their doors to a wide range of possibilities.
Businesses in London are unique from other cities as they can benefit from resources which are specific to the capital. For example, firms could take advantage of:
London Move – The Location
Being the capital of England, most people regard London as the centre of everything. In a sense, this has created areas where just about every successful company has a premises – including your rivals.
Consequently, this means that these organisations can easily talk to each other, exchange details, and make deals. This can be accomplished easily as – in the majority of cases – they are only a short distance from each other.
The location is also highly useful when arranging meetings. Whereas those who reside in other cities might have issues directing individuals to their offices, London is an easy place to navigate full of recognisable landmarks.
According to office provider One Heddon, firms can take advantage of London’s reputation and elevate their status in the eyes of others by acquiring a premises in one of the capital’s more famous districts, such as Mayfair.
Although Monopoly might be partially responsible for raising the profile of this area, there is no doubt that relocating to Mayfair could greatly improve your credibility. As a result, this extra prestige might be vital in securing business deals.
Having access to international companies
London Loves Business, an online publication, states that more than 300 languages are spoken in the city, while more than 30% of Londoners were actually born overseas. Although this helps to show that the capital is an extremely cosmopolitan area, it might also explain why so many international companies feel at home here.
Numerous foreign firms have offices in London – seeing it as a vital area to be in Britain as well as a gateway to Europe and the United States. However, due to these companies investing in London, they might lose interest in your business if you are based in a less prestigious part of the country.
Consequently, having an office in London could open up international business deals – allowing your firm to expand.
The entertainment opportunities
Having an office is London isn’t all about work. According to London Loves Business, the capital boasts more than 4,500 pubs and bars, while there are numerous theatres, clubs, and other establishments.
While these present opportunities for business meetings, they also play a vital role in keeping your staff motivated. After these people finish a hard day in the office, they’ll almost be spoilt for choice…
Moving to London
Last month, the CBI published a survey suggesting that many London employers knew about the benefits which London has to offer. According to the organisation, almost 80% of firms in the capital regarded the city as a “good” or “very good” place to conduct business, while more than 60% felt positive about their economic prospects for the next six months.
Moreover, the research identified several sectors which were believed to drive London’s future growth, with many individuals feeling confident about those in technology, creative, professional, and financial professions.
This research shows that many business leaders already have faith in the capital, and looking at the benefits it is not hard to see why. Although moving here can be expensive, the potential opportunities are almost priceless.