Croydon has become one of the first boroughs in London to become part of a new programme launched to help small businesses in the capital grow.
London & Partners Business Growth Programme which is designed to provide tailored guidance, skills development and support to assist growth for small businesses, launched last week.
The programme offers impartial business advice to small and medium sized enterprises (SMEs) with fewer than 250 employees and a turnover of less than £40m that are looking to grow across London and the outer boroughs.
Croydon is one of four London boroughs being promoted to businesses as part of the programme, which will provide mentoring, workshops, business growth advice and opportunities as part of a wider London network over three years.
The borough’s inclusion on the programme comes after the council set up a Small Business Commission to explore the barriers to, and opportunities for growth for local SMEs. The commission has been working with local businesses and stakeholders to explore what could make the borough a more attractive place for businesses to stay and grow.
The commission’s initial findings have been published in an interim report presented at cabinet last Monday, alongside a draft action plan which the council and other public bodies will use to strategically plan how they can help local businesses move forward.
Councillor Mark Watson, cabinet member for economy and jobs
“I am delighted Croydon has become one of the first boroughs in London to join this programme. Croydon has excellent transport links and the largest office market outside of central London which is more affordable than many other locations.
“We are committed to supporting small businesses and helping them to grow which is why we set up the Small Business Commission. I’m pleased more SMEs will be able to learn about Croydon’s offering as a location and why it is a fantastic base for businesses.”