Gronox

In order to help startup businesses, London Mayor Boris Johnson launched a new project recently. It would help businesses to locate offices to rent London that are suitable to their financial setup, and will also help in decreasing the number of vacant units scattered across London.

This project has been modeled after a new website named ‘London New Enterprise’, and its main purpose will be to help new firms get in contact with land owners that have property available to let. The website promotes the landlords to enlist their vacant properties for new companies and keep their prices below the normal commercial rates, and also provide legal, business and financial guidance to the young businesses.

In the wake of the worldwide recession vacancy rates in London skyrocketed, as indicated by a report documented by the Local Data Company for the BPF, i.e. the British Property Federation. It shows that London has a 14% vacancy rate, compared to only 12.5% that is the national average. But the report also mentions that despite large numbers of vacancies in London, the number of companies in need of office space was also quite high.

The project London New Enterprise was created by the joint venture of the Mayor, Capital Enterprise and the Workspace Group, with the British Property Federation lending support. The project was finalized after a roundtable meeting in the City Hall to discuss methods of reducing vacancies in London.

This entry was posted on Thursday, April 1st, 2010 at 10:10 am and is filed under PR, Property Resources, Your Business. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.