Hospitality venues receive less than half of £635m Omicron support package April 4, 2022 Hospitality businesses in England received less than half of a £635m support package promised at the end of last year to make up for Omicron cancellations. Just £305m was paid out less than three weeks before the final cut off, analysis by the Altus Group revealed. The Treasury had announced one-off grants worth up to [...]
Charity supporting young disabled people into work gets £100k boost from City March 14, 2022 A London charity supporting young disabled people’s job prospects has received a £100,000 boost. Bromley Mencap was given the funding from the City of London Corporation’s charity funder, City Bridge Trust, following unprecedented demand during the pandemic. The organisation received 1,200 new referrals last year – a 100 per cent increase, and will put the money [...]
Brexit impact minimal as London lost only 7,500 jobs due to UK’s departure, says EU-born City mayor March 7, 2022 The City of London’s mayor, Irishman Vincent Keaveny, rejects any notion that London is losing its position as Europe’s financial capital. In fact, the Square Mile has lost less than 7,500 jobs as a result of the UK’s departure from the EU, Keaveny said, while City firms employ more than 500,000 people. “A certain number [...]
Young people are coming back to London but population is still lower than pre-pandemic peak February 15, 2022 Young people, who left London in the midst of the pandemic, are coming back to the UK’s capital city, according to research from the Greater London Authority (GLA). Analysis by the GLA suggests the number of people aged 18-29 dropped sharply at the start of the pandemic, as thousands of young people left London to [...]
Post-Brexit boost for the City as London takes top spot in global financial powerhouse rankings January 27, 2022 London continues to hold the top spot for financial and professional services in terms of overall offer when compared to other global destinations, including New York, Singapore, Hong Kong, Paris and Frankfurt, according to new figures published this morning. London received an overall competitiveness score of 61, followed by New York (58) and Singapore (53). [...]
Broadgate break: New 1.5 acre park opens in the heart of the City as workers flock back into the Square Mile January 22, 2022 The first City workers strolled through the Square Mile’s newest park this morning as the 1.5-acre Exchange Square, located at Broadgate, opened for the public after an extensive revamp. The park, part of a £1.5bn revamp of the square, quadruples the amount of green space at Broadgate and creates a new outdoor space for workers [...]
Lloyd’s of London weighs up leaving iconic headquarters January 19, 2022 Lloyd’s of London is considering leaving its iconic headquarters as it seeks out ways to adapt to shifts in working habits brought about by digitalisation of its business and Covid-19. In an email to City AM, a Lloyd’s of London spokesperson said: “As we adapt to new structures and flexible ways of working, we are [...]
City of London launches grant scheme for Omicron-hit Square Mile businesses January 18, 2022 Retailers and hospitality businesses that have been hit by a collapse in footfall due to work from home guidance will be able to apply for a grant from the City of London Corporation, it was confirmed last night. The Corporation, the Square Mile’s governing body, has put in the majority of the money behind the [...]
City of London calls on Rishi Sunak to support businesses in the Covid-emptied Square Mile December 17, 2021 The City of London’s local authority has called on Chancellor Rishi Sunak to provide “much needed” financial support for shops, restaurants and pubs in the Square Mile after the government reintroduced its ‘work from home’ advice. In a letter to the Chancellor, The City of London Corporation policy chair Catherine McGuiness warned that small businesses [...]
City’s nitrogen dioxide dropped 42 per cent in five years December 2, 2021 The levels of nitrogen dioxide (NO2) in Square Mile have dropped 42 per cent since 2016. Figures from the City of London Corporation – which were later confirmed by air quality monitors such as Beech Street and the Aldgate School – revealed a year-on-year improvement over the last five years, as a result of air [...]