The City of London Corporation is an unusually diverse
organisation that supports and promotes the City as the world
leader in international finance and business
services. To retain its status, the City of London
Corporation has long recognised that the Square Mile cannot prosper
in isolation from its neighbouring communities, which include some
of the UK’s most disadvantaged boroughs.
Unemployment in the City fringes is higher than in the rest of
London. In October 2010, 14.4% of the working age population
in London were in receipt of unemployment-related benefits (e.g.
Jobseeker's Allowance Incapacity Benefits, etc) compared to an
average of 16.5 across the City fringe boroughs. In the City
fringe boroughs of Tower Hamlets and Hackney, this figure rises
above 18%.
(see source for this data).
To address the gap between the demand for skilled workers
by City and City fringe employers, and the inability of local
residents to access these job opportunities, the City of London
Corporation is delivering an extensive training and employment
programme.
To find out more about individual City of London projects to
combat unemployment and low skill levels in the City fringes,
please follow the links to the left.