Poll of international businesses reveals confidence in London is high
In the clearest signal yet that London is beating the recession, two-thirds of international firms say they are more confident about doing business in the capital compared with 12 months ago, the Mayor of London, Boris Johnson, revealed at the MIPIM property conference in Cannes.
Ninety per cent of overseas firms are satisfied with London as a location to do business, and the capital’s proximity to markets and qualified staff was revealed as the key driver for businesses locating here.
The figures were released as part of Think London’s first ‘FDI (foreign direct investment) Barometer’, conducted in association with independent research organisation Ipsos MORI, to evaluate business investment confidence amongst the capital’s 20,000 or more overseas-owned companies.
Key findings include:
* 61% described that they were more confident in the economic prospects for their business in London over the next 12 months than the previous 12 months.
* 90% of overseas-owned companies are satisfied with London as a location for their business.
* Taxation and transportation are the key areas where they would like to see change, with nearly three quarters of businesses saying the London Underground upgrade programme will be important to their business
To read more go to the Think London wesbite by clicking here
March 16 2010
