This year’s survey provides an update on businesses’ approaches to recruitment and the impact of the Apprenticeship Levy. It also considers the interaction between businesses and London boroughs, measuring the satisfaction rating for a range of local government services, as well as business support for giving London councils greater local control across a range of activities.
- London’s businesses report a fair degree of optimism about the future, with 44% expecting turnover to grow (12% expect significant growth).
- However, 20% of businesses project that turnover will shrink, with Brexit, an increasingly competitive market and skills shortages seen as the main barriers to growth.
- Firms with lower turnover are significantly less confident about their future growth than larger firms.
- Skills shortages and difficulties employing people with the right skills remain a priority concern for London’s businesses, with 42% citing this as a main barrier to growth.
- The capital’s businesses want a stronger role for London’s boroughs in the skills and employment system.
- Decision makers overwhelmingly agree that local London councils should have the powers and funding to integrate employment, skills and apprenticeships in their local area (82%).
Date Published: 11/10/2019
Categories: Business | Economy | London | Professionals
Client: London Councils / LCCI
ComRes interviewed 1,000 London business decision-makers over telephone between 14th May and 14th June 2019. Data were weighted to be representative of all London businesses by size and broad sector. ComRes is a member of the British Polling Council and abides by its rules.