Business is booming in South London!
A major survey of South London businesses has found that a staggering 82% are forecasting growth within the next 12 months. As part of a survey that was conducted by law firm Anthony Gold, it found that more are choosing the area as a place to do business. The findings show that;
• Vast infrastructure projects to the transport system are making the area one of the most easily accessible in the whole of the capital
• Investment in town centres is creating confidence amongst the local business community
• South London is currently one of the most cost effective area within London to do business
The survey was conducted with the support of Business Improvement District teams and local Chambers of Commerce, including Southwark Chamber of Commerce.
Commenting on the business positivity Chuka Umunna MP for Streatham and Shadow Business Secretary said:
“I am so proud to be from such a great part of South London and to represent our area in Parliament. Businesses in our area have been working incredibly hard over the last few years and it’s fantastic that so many are feeling positive about what the future holds.
“I think the future’s great for our area and I will keep backing organisations like the Streatham BID to make sure it stays that way.”
The results paint a great picture for living and working in South London. There’s a thriving independent business community who intend to invest in training and recruitment into successful small and medium businesses. 60% of businesses see their staff levels increasing which will be a tremendous boost for jobs in the local area. Given the survey was conducted over a range of different sectors this is promising for job seekers.
Richard Kalmar, Chairman of Southwark Chamber of Commerce said “It is encouraging to see such positivity coming from South London business owners, not only in the borough of Southwark but within the whole area. I am feeling optimistic coming into this financial year and hope to see growth across the area in years to come. This is a combination of five factors, increased business optimism, readily available finance, pent up demand and in Southwark what I call the Shard factor basically a lot of prestigious new development transforming how people feel about the area and the facilities in the area greatly improving making it an attractive place to live and work.”
Network rail should be pleased to see that 80% of businesses asked felt the property and infrastructure developments at London Bridge would have a positive impact on their business. Although it can be difficult for commuters to see the long term benefits of improving the station now, down the line the developments will be better for the area overall.
Anthony Gold have been based in South London for over fifty years and certainly understand the benefits of being based south of the river. David Marshall, Managing Partner at Anthony Gold was delighted with the positivity amongst business owners: “Living and working in South London, I am delighted to see such positive results for my local area. It is incredibly encourage to read such optimistic views from other businesses and that they feel as confident as we do with doing business here.”