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Startup business performance lags behind other boroughs

Startup business performance lags behind other boroughs

1,415 new businesses opened in 2012, but the borough lagged 28 per cent behind the entrepreneurship of the London and ELL averages. Lewisham was also worst affected by the recession. Between 2009 and 2010, the London average for startups rose steadily by 4 per cent rise. Lewisham however, showed a…

Business birth rate well ahead of London and ELL average

Business birth rate well ahead of London and ELL average

Tower Hamlets was the fifth most entrepreneurial borough in London in 2012, far outperforming the other ELL boroughs with 2,395 new businesses. The borough consistently ranked above the ELL and London average for business birth rate since 2004, making it a particularly dynamic area of growth for start-ups. New businesses…

Fast growing technology hub attracts new businesses

Fast growing technology hub attracts new businesses

Croydon is the fastest growing technology hub after Hackney. The Information and Communication sector is the third largest sector in Croydon, and since 2011, it has grown 25 per cent, against the London average of 17 per cent and the UK average of 11 per cent. The 185 businesses employ…

Borough leads the way for art and property businesses

Borough leads the way for art and property businesses

The creative arts industry in Hackney is the borough’s second fastest growing sector and is the largest of all the ELL boroughs. The business structure of Hackney has changed significantly since 2001, with a general decline in manufacturing and wholesale industries. Between 2000 and 2003, Hackney experienced the third highest…

Alternative tour of Canary Wharf challenges banking

Alternative tour of Canary Wharf challenges banking

“Beware! This building is cursed,” yell Holly Roughan and Max Wakefield, their audience silenced into shock. Regular tours of London include churches, palaces and even the deepest dungeons, but the duo stand in front of a cathedral of moneymaking, criticising its high priests. Unusually for people dressed in top hats…

New scheme to support Croydon social enterprises

New scheme to support Croydon social enterprises

A government-backed business scheme to support local social enterprises launched in Croydon this week. The program is being run by SE-Assist, a business support organisation that launched a similar scheme in Brighton & Hove last year. Successful applicants to the program will receive an interest free loan between £10,000 and…

Eat your way “Around the World” at Dalston pop-up

Eat your way “Around the World” at Dalston pop-up

Dalston restaurant Merci Marie is hosting an international pop-up inspired by the Jules Verne’s cult novel Around the World in 80 days. The event, held at Fitzroy House, Abbot Street, this evening will include delicacies from across the globe with a French twist. Head-chef Marie Gonford says: “The idea was to…

First bitcoin ATM machine in Britain installed in Shoreditch

First bitcoin ATM machine in Britain installed in Shoreditch

The first bitcoin ATM machine in Britain has been launched in a Shoreditch café, allowing members of the public to exchange Sterling for bitcoin. The machine acts as an ATM for the virtual currency, allowing customers to simply scan a QR code, which acts as a bitcoin address/wallet, insert a…

Supermarkets reject initiative to curb street drinking

Supermarkets reject initiative to curb street drinking

Sainsbury’s supermarket is among stores refusing to cooperate with a Croydon Council initiative to curb street drinking. The scheme, first proposed in January this year, would require supermarkets and off-licenses to stop selling beers over 6.5 per cent alcohol. Sainsbury’s branches in the borough are currently still selling high alcohol content…

New phone app makes feasting in Croydon easy

New phone app makes feasting in Croydon easy

A new app launched by two Croydon entrepreneurs enabling users to book restaurants and order food in the borough straight from their mobile phones looks set to go national after a successful first month in operation. Businessmen Mathew Gomes and Hurshkumar Donde created Feast Express, an online food ordering and…

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