London’s future as a world city is looking bright!

Think London recently attended a discussion regarding London’s future as a world city and the challenges the city may face.

You may have noticed the recent recession, which apart from raising the cost of a trip to the supermarket, has had a major effect on business growth and has seen a large amount of development projects put on hold. Now as we come out of recession and the economy starts to recover, these developments have started up again which is extremely positive for those setting up business in London or expanding business in London.

Despite the recent economic problems, London remains the world financial services centre. The key has been London’s very diversified economy, making it resilient to the recent crisis and attracting new business to London as part of their future business development plans. In addition, the 2012 games continue to keep London in the spotlight, making relocation in London even more attractive to overseas businesses.

It was also felt by London consultants that the capital’s diverse population has been and continues to be a major asset against the economic crisis. This, coupled with the strong and large private sector, makes London’s future population growth sustainable and provides a skilled pool for London recruitment.

There was also a lot of talk about a new high speed railway network and the cross rail for 2017, all which keep London as the number one business capital in the world.

The future for London certainly looks promising and it seems there has never been a better time for setting up business in London.