§ Simon HughesTo ask the Secretary of State for Trade and Industry how many businesses have received assistance in starting-up from Government schemes and initiatives in(a) Greater London and (b) each London borough in each year from 1992, broken down by type. [158459]
§ Jacqui SmithBusiness Link for London is the main provider of Government funding assistance for start-up businesses within the Greater London area. Other schemes are administered by national and regional organisations and it is not possible to provide figures in the format requested without disproportionate cost.
Business Link for London's (BL4L) records show that up to Quarter 3 of 2003–04 they have given advice/ support to 23,033 pre-start ups. During 2002–03 they gave advice/support to 11,466 pre-starts. Earlier figures are unavailable.
325WA breakdown of pre-start ups, including pre-start registrations in London boroughs during 2003–04 is detailed on the following table.
The London Development Agency (LDA) also has programmes designed to support business, small firms or new start-ups. The LDA also focus on the needs of strategic businesses that are large employers in the local economy, which sometimes need help in identifying problems at an early stage.
In 2001–02 the LDA was responsible for creating 2,073 new businesses to the London economy. In 2002–03, 1,443 businesses were created. To the end of the third quarter of 2003–04, the LDA had added 536 businesses to the London economy, against a target of 900. Current projections are that 1,357 businesses will have been created by the end of the reporting year in March 2004.
London borough, pre-starts 2003–04 Borough Number of pre-starts assisted Barking and Dagenham 50 Barnet 277 Bexley 85 Brent 239 Bromley 162 Camden 276 City of London 32 Croydon 299 Ealing 257 Enfield 379 Greenwich 110 Hackney 202 Hammersmith and Fulham 169 Haringey 228 Harrow 154 Havering 54 Hillingdon 135 Hounslow 183 Islington 292 Kensington and Chelsea 145 Kingston upon Thames 115 Lambeth 260 Lewisham 225 Merton 133 Newham 229 Redbridge 205 Richmond upon Thames 157 Southwark 246 Sutton 100 Tower Hamlets 175 Waltham Forest 201 Wandsworth 225 Westminster 537 Not known 15,809 Total 7,224