Real estate

Khan to protect space for SMEs and startups

Khan to protect space for SMEs and startups

London mayor Sadiq Khan has instructed officials to amend the city's planning rules to ensure stronger protections are in place for small business spaces.

The move follows a City Hall report showing that 1.47m square metres of office space has been converted into residential units since 2013 via schemes that have not needed planning permission.

Khan acknowledged a need for new homes in London, but stressed that this does not need to be achieved at the expense of businesses that provide jobs and drive prosperity.

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

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