To find out more about individual City of London projects
and activities to support SMEs in the City fringes, please follow
the links to the left.
The City of London Corporation is dedicated to maintaining and
enhancing the status of the City as the world’s leading
international financial and business centre. The presence of small
and medium sized enterprises (SMEs) in the neighbouring areas is
integral to this purpose as they provide essential support
services, (such as hospitality, cleaning, management consultancy
and advertising) to City firms and contribute to the area’s
economic prosperity through the creation of large numbers of
jobs.
However, London currently faces significant challenges in
maintaining the productivity and sustainability of SMEs.
City fringe boroughs have high SME start up rates, but they
also suffer from some of the highest failure rates. Whilst 11,890
new SMEs were set up in the City fringes in 2006, in the same year
9,390 SMEs failed in the City fringes (
see source for this data).
In order to address these challenges and support a thriving SME
community, the City of London Corporation has a substantial
business support programme to facilitate the development and growth
of small businesses in the City fringe through the provision of
premises, finance and guidance.
Additionally, the City of London Corporation is committed to
the Prompt Payment Code.
To find out more about how the City of London supports small
business and enterprise in the City fringe, follow the links
below.
To find out about relocating your business to the Square Mile
see our
locating in the City pages.
For more information, please email
econ.dev@cityoflondon.gov.uk
Business Link
Business Link is a free, publicly-funded business advice and
support service, available online and through local
advisers. By providing instant access to clear, simple, and
trustworthy information, Business Link helps businesses save time
and money. It has more than 750 pages of advice and guidance
and more than 100 online tools.
For more information,
visit the Business Link website or call the
Business Link Helpline on
0845 600 0787.
The latest phase of projects has been up and
running since June 2010.