Source: See hereThe City is home to over 21,000 SMEs, the highest concentration anywhere in the UK. The tech sector stands out, having grown by 130 firms (5%) in the past year or 365 (17%) since pre-pandemic 2019.This landmark strategy was unveiled at a celebration event at Guildhall and formalises the City Corporation's approach to supporting SMEs.
Access to finance – working closely with institutions such as the British Business Bank and high street banks to help City businesses navigate what finance options are open to them.
Access to data – support for SMEs' access to the City Corporation's wide range of business databases, to empower them with valuable data-driven insights and helping them mitigate risks and capitalise on growth opportunities in a competitive business environment.
Access to space - support for growing firms to locate and expand in the City through activation of empty units and meanwhile use.
Access to expertise - building on existing in-house expertise to strengthen the City's offer and work more closely with City organisations such as the Company of Entrepreneurs, as well as offering free mentoring in partnership with the Association of Business Mentors.
Access to networks – ensuring a vibrant business environment by supporting networking opportunities and enhancing our existing events programme.
Spearheaded by policy chairman Chris Hayward and with key contributions from lead member for SMEs, Paul Singh, the strategy was developed to bolster the support ecosystem for SMEs within the Square Mile.
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