Business, Jobs and growth

Optimistic outlook from Lambeth businesses

Over 60 percent of businesses in Lambeth say the borough is a good or very good place to do business – almost double the number in 2011.
The latest Lambeth Business survey paints a picture of optimism, plans for future growth, increase in employment and the importance of strong local links.
The independent research, commissioned by Lambeth Council , found job prospects have greatly improved with almost a third of businesses expecting staff numbers to increase over the next 12 months compared to 23% in 2011, 4 out of 10 say they make a particular effort to recruit local people and 15% of Lambeth businesses offer apprenticeships – almost double the London wide rate.
Good transport links are a bonus for Lambeth businesses but a lack of parking is a concern for over one in four of them .
Although the borough wide outlook is upbeat , some areas were less optimistic.
Cllr Jack Hopkins, Cabinet member for Jobs and Growth said: “ This is a very positive picture of business in the borough and clearly underlines the wider benefits of jobs and training that come from a thriving local economy. Investment in Lambeth, the can-do attitude and good transport make it an attractive borough but we must make sure that growth and prosperity spreads across Lambeth and the council properly listens to the concerns of businesses.”
Note to Editors
The survey was carried out by Ecorys for Lambeth Council using methodology similar to that for the 2011 survey. Ecorys spoke to 726 businesses and the survey sample was representative at borough level with quotas set by sector and size.


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