6 Reasons to Start a Business in London

If you are thinking of launching a business in the UK, there is no better destination to do so than the nation’s capital. In addition to immersing yourself in an infectious culture, London could provide your new venture with many superb opportunities to ensure its initial success and growth.

If you are debating whether the capital is right for you, here are six reasons why you should start a business in London.

A Skilled Workforce

If you want to take your pick from a large pool of talent, London will not disappoint, as it is home to 8.7 million residents. So, whether you are looking for forward-thinking creatives, talented language specialists or intelligent thinkers, you’ll be spoilt for choice when browsing through CVs. It is, however, essential to gain an understanding of employment law in the UK before hiring your first members of staff, which is why you should contact HJ solicitors.

Greater Networking Opportunities

According to the City of London website, there were 506,180 enterprises in London in 2018. You can, therefore, guarantee you won’t be short of networking opportunities once you kickstart your company in the capital. In fact, there are many organised groups, workshops and industry events happening across the city every day, so you will be able to routinely meet new professionals, learn new skills and develop exciting ideas for your brand.

Accessibility

London not only allows you to reach over 8 million residents, but it will provide you with greater access to 500 million people within Europe, as the city offers superb air links to international countries and affordable rail links. Plus, as it is located between the Americas and Asia, it is possible to reach many international financial hubs in as little as a day.

Scalability

Regardless of whether you’re launching a small start-up or establishing a UK headquarters, London will feature an office space to meet your company’s needs. For example, aspiring entrepreneurs can choose from a range of exceptional co-working spaces, which will allow them to launch their business alongside other entrepreneurs in the city. The Mayor of London has also introduced the New London Plan to increase office availability and affordability over the next ten years.

An Entertaining City

If you plan to entertain visiting clients from other cities or countries regularly, you can guarantee they will be blown away with London. For example, you could book a table at one of many Michelin-star restaurants in the city, enjoy drinks at the coolest bars in the country, or treat them to a jaw-dropping show on the West End. What’s more, they can take their pick of luxurious hotels located across the capital.

A Professional Image

A company’s address can form a positive or negative first impression, especially for a potential customer, client or business associate from overseas. A London address can, however, evoke trust, as it will prove you run a reputable, established company in the heart of the UK, which could convince them to reach out to your business.