Home Business Insights & Advice Five reasons why London is the best city for business

Five reasons why London is the best city for business

by The Good Marketer
29th Oct 19 6:02 pm

The world simply can’t get enough of London.

Whatever your goals, London is the place to be, bringing success and new opportunities your way. It is an amazing place to develop your company and its culture, gaining a competitive advantage in your industry.

London hosts over 1 million businesses, with thousands entering the city each year. We have put together 5 reasons why your business should be the next to move to the city.

Diverse workforce

London is one of the most densely populated cities in the world, sitting above major cities such as New York and Hong Kong. London is home to over 9 million people, 50% of whom are from other destinations around the globe. Moving into a digital age, programming skills are in high demand. Luckily, this is one of the top 10 skills people want to learn in 2019, creating the perfect environment for your business to grow.

A culturally diverse business brings a lot of benefits in the era of technology.

  • Increased productivity.
  • Improved creativity.
  • Increased profits.
  • Improved employee engagement.
  • Reduced employee turnover.
  • Improved company

Leading job search websites, like Indeed and CareerBuilder, allow your business diversity to develop and recruiting people that understand your companies goals and morals.

Excellent transportation

It couldn’t be easier to get from one part of the city to another, with London’s efficient transportation services, taking only 20 minutes to travel from Chancery Lane to Holborn underground station. The city is connected both under and overground, allowing you to explore everything it has to offer. For the more active commuters, electric Boris Bikes are spread all over London, letting you cycle to work, for an affordable price.

If you have the itch to venture out of the city, London’s National Rail stations can take you to the Brighton coast in under 2 hours. London is closely connected to Europe, perfect for a last-minute business meeting or event. You can travel directly to destinations such as Amsterdam, Paris, and Brussels on the Eurostar, from St Pancras Station.

Rich history

London comes from a rich historical background, that can be seen from all around the city. Just simply look up at the top of the buildings to get a glimpse of the historical architecture that still remains. Alternatively, you can experience history through the range of museums on offer, like the National History Museum, which is free to enter. If you would like to absorb history whilst relaxing, jump on a bus to take a tour around the city, passing iconic locations like Buckingham Palace.

London is the hub of many business events, catering to all industries. Venues such as ExCel London, are the perfect place to network, gain new contacts and learn from industry leaders. It has a history dating back to 1855 when it was opened by Prince Albert.

Wider audience

London is one of the largest tourist destinations in the world, visited by over 30 million people each year. This presents the opportunity to offer your services to new customers from around the world. A company that is taking advantage of this is Google, which is supporting its London HQ with ongoing investment and plans to move into an additional building, expanding its workforce by 7,000 people.

London’s six international airports can fly you around the globe, keeping you connected to your clients and customers. London City Airport (LCY) is only 30 minutes from the center of London, letting you book a last-minute flight hassle-free. Return flights to Amsterdam can be booked for as little as  £151 from LCY.

Luton Airport, however, is possibly one to avoid, due to its low ratings. Customers have reported security queues and a lack of seating as the reasons behind their low ratings, but for quick, short-haul flights, the airport should be considered.

Vibrant economy

London is the global hub of the world, home to major banks like Barclays, Lloyd’s, HSBC and many more. Additionally, the United Kingdom is ranked the 9th easiest economy to start a business in, making it achievable for entrepreneurs to borrow money and start-up their own projects.

London’s economy alone one of the largest in the world, topping major cities such as Chicago, USA, and Moscow, Russia. Londons Gross Domestic Product (GDP) is over $750 billion, contributing to 22% of the UK’s total GDP, creating an ideal environment for trade.

Summary

After reading this article, we hope you go on to do business in London and make use of everything this amazing city has to offer. No matter where you base your business, the key to its success is ensuring you have the right marketing agency to suit your needs and your budget.

The Good Marketer is a Marketing Agency in London which drives more traffic, generates conversions and increases sales for Small-To-Medium Sized Businesses.

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