London cited as best location for SMEs

All new small and medium sized enterprises (SME’s) should set themselves up in London, according to Officebroker.com. The City of London is a major business and financial centre and is considered by many as a city of excellence in the sectors of medicine and technology.

There are numerous International firms and companies with offices in London, according to Simon Jones, Research and Project Manager of Officebroker.com and Heathrow and Gatwick airports allow London to be easily reached by overseas customers and clients.

Due to the stature of London, rental costs are comparatively high. Mr. Jones added research has shown that the average cost per workstation in central London is approximately £580, far higher than the national average of £229.

SME’s should ensure their IT infrastructure is sound and efficient to help in reducing overall costs. A recent GE Capital SME Capex Barometer has shown firms and businesses who have not upgraded computer equipment have lost in excess of £8000 in revenue. It is prudent, therefore, to upgrade and have all IT equipment as current and sustainable as possible.