Why is London so great for startup businesses? Bellow we'll go through some of the great benefits London has to offer young companies. One thing to point out is that London is very expensive, but don’t let that put you off, here at VPS we have many cheap and flexible office spaces in London and the surrounding areas.
London is one of the most visited places in the world. This city hosts lots of businesses and companies. It is an ideal place for an entity to set up a business. The following reasons detail why you need to set up a business in London:
1. The city of London has an estimated population of around 8 million people. This is according to the most recent census carried out in 2011. The next census is scheduled for 2021. This population within London provides access to a huge workforce. It also provides diverse skills that businesses may need in order for them to carry out their core functions smoothly. London is a place with so many different ethnicities.
Brain drain that occurs in many countries worldwide. These people may end up in cities such as London. Most of them are skilled in their trades. Nurses, doctors, engineers, accountants, and lawyers are some of the skilled professionals that can be found in London. These diverse cultures can greatly help a business to harness all the traits of the workforce and eventually perform better.
2. Networking opportunities in London are in plenty. Workshops often happen on a weekly basis within the city of London. Attending workshops within the niche your business is specializing in can help create more contacts. These contacts can be very crucial in financing business ventures. New skills and ways to do business can be tapped from such workshops.
" London is one of the most visited places in the world. This city hosts lots of businesses and companies. It is an ideal place for an entity to set up a business. "
3. The infrastructure within London is one of the best within the world. With 6 international airports, a business can comfortably run and transport goods to various destinations. The rail system in London is very efficient too. It runs through the underground thereby connecting the whole city. This ensures that a business can offer services to potential customers all across London and the United Kingdom. These services can also be offered around the world.
4. Flexible office space in London is easily available. For businesses that may want to upgrade their office space, this is possible in London. Co-working spaces are also in plenty for startups. There are low-cost spaces that may not be strenuous for startups and small businesses. For visiting clients, London is one of the best places to take them around. Accommodation within this city is excellent. Restaurants and museums can keep guests entertained while still in the city. No matter one's budget, London is the perfect place for visiting clients. So overall it's very difficult to find cheap office space in London
5. Financing of businesses is very critical for growth. Without this, most businesses stagnate and cannot expand. Global financing leaders such as Barclays and Citibank are all located in London. Businesses within this city have access to financing that can help in their growth.
6. The rich culture in London makes it a prestigious business address. Big football clubs such as Tottenham, Arsenal, and Chelsea all have their homes within London. Renowned cricket stadiums such as Twickenham are located within London.
7. The government of the United Kingdom is supportive when it comes to startups. It supports small businesses to ensure they can comfortably get on their feet. This is very lucrative for entrepreneurs. They can ask for financial aid from the government. In addition, the government offers a range of programs that are aimed at reducing tax burdens for small and growing enterprises. London is one of the best places in the world to set up a business.
Whether it is a small or huge business, London offers the best opportunities. Investors can set up businesses with ease in this city. The transportation system in London is also very efficient. London meets businesses needs for investors. For investors who are thinking about starting businesses, London is the best place to do so.
So there you have it, becoming a commercial property guardian in London and looking after properties has some huge benefits. Contact us here at VPS Guardians for more information.