Business is Booming in South London!
by Eileen Donaghey
82% of small to medium sized businesses in South London expect growth in 2015/16 according to a major survey of South London businesses conducted by law firm Anthony Gold, who have an office on Streatham High Road.
Commenting on this business positivity Chuka Umunna MP 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.
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.
South London businesses cited local regeneration projects, fewer parking restrictions and lower rent and rates compared with north of the river as helping their businesses to thrive, as well as the large number of independent businesses in the area. The Streatham Business Improvement District (BID) was also specifically mentioned.
Stephen Whittaker, Head of the Anthony Gold Streatham office comments, “It is wonderful to see such positivity for the Streatham area. We actively support local trade and hope that all sized businesses based here flourish in the years to come.”