Business Services

City eyes 'radical' boost for small businesses

London City - Demanding that developers feature subsided desk spaces - SantanderCB

The City of London Corporation has started demanding that developers feature subsidised desk spaces for small businesses in new buildings after a sharp decline in the number of available offices for the sector. Mark Boleat, chairman of the Corporation's policy and resources committee, said 'radical' action was needed to ensure that 'developers think SME first in their proposals and the City meets the requirements of these dynamic, mobile and ambitious small firms.' He said the inclusion of 50 flexible workspaces at cut-price rents at planned skyscraper 22 Bishopsgate would serve as a model for planning obligations in other new City buildings.


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