Monday, 7 January 2013

East London leads the way on business base growth in the Capital

via Centre for Cities by Ben Harrison

New figures released by ONS highlight that while the Capital as a whole has displayed remarkable economic resilience since the crash of 2008, the growth of new businesses across the Capital has been uneven in recent years, with East London leading the way on growing their business bases between 2009 and 2011.

While LB Westminster, LB Camden, LB Barnet and the City of London remain home to the largest number of businesses in the Capital, the latest data shows that LB Newham, LB Redbridge and LB Waltham Forest have seen the biggest relative growth to their business base in recent years, with each of these three Boroughs outstripping the national average. In total, seven of the ten Boroughs that have seen their business base increase most in percentage terms between 2009 and 2011 are located in East London.

Continue reading (includes useful map)

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