Starting a business in London:
Borough by borough statistics

In order to get an accurate picture of the levels of start-up activity across London, we at Startups.co.uk have crunched data and statistics from a wealth of sources.

Which borough has the best survival rate? The fastest broadband speed? Or the largest percentage of micro-businesses (employing 0-9) of all enterprises in the borough? From the number of start-ups in each London borough to the working age population qualified to NVQ Level 4 and above, the tables below reflect how each borough ranks as an ideal start-up location.

To discover how each London borough fares per criterion, you can re-order the tables by clicking any of the headings.

You can also view and compare data for other UK cities

The start-up ecosystem

quality of life Average percentage of micro-businesses: 90.8%
Average survival rate (2009-2014): 39.1%

 

Borough No. of new start-ups (2014) No. of new start-ups per sq km (2014) Survival rate % (2009-2014) No. of micro businesses (2015) Micro business % No. of small businesses (2015)
Barking & Dagenham 1310 36 33.3 4785 91.8 355
Barnet 3985 45 37.6 19445 93.2 1205
Bexley 1455 24 43.8 6930 91.3 545
Brent 2585 59 37.4 12035 91.5 925
Bromley 2190 14 41.7 12360 91.9 885
Camden 4375 200 38.6 22340 87.2 2520
City of London 2610 898 36 13370 80.6 2380
Croydon 2390 27 39.3 11850 92 830
Ealing 3110 55 40.2 14560 91.9 1060
Enfield 2305 28 37.4 10530 92 765
Greenwich 1690 35 40.8 7475 92.7 500
Hackney 3245 170 43 13295 90.3 1205
Hammersmith & Fulham 2380 145 36.5 10770 89.3 1000
Haringey 2190 73 39.6 9910 93.1 650
Harrow 2390 47 41.9 11530 93.1 715
Havering 1485 13 38.7 7765 91.1 615
Hillingdon 2075 17 39.8 10195 89.5 860
Hounslow 2320 41 39.7 10815 91.2 785
Islington 3715 250 40.5 14645 87.9 1630
Kensington & Chelsea 2165 178 40.3 11020 88.8 1150
Kingston 1270 34 42 7060 91.3 540
Lambeth 5570 207 38.8 16505 93.8 905
Lewisham 1870 53 38.3 8070 94 445
Merton 1995 53 37.3 9415 92.1 670
Newham 2365 65 35 7915 92.7 525
Redbridge 2580 45 36.4 10825 93.5 655
Richmond 1985 34 44.6 11510 92.5 765
Southwark 2930 101 38.2 12295 86.7 1490
Sutton 1185 27 44.1 6810 91.8 500
Tower Hamlets 3460 174 36.2 12985 89.9 1145
Waltham Forest 2100 54 37.9 8285 93 530
Wandsworth 3055 89 40.8 14755 93.2 895
Westminster 8245 383 34.8 38650 83.9 5860
*Number of new start-ups: 2014 statistics for births of new enterprises that had either turnover or employment during the year (Source: Office for National Statistics)
Survival rates: 2014 statistics for percentage of new enterprises started in 2009 still trading in 2014 (Source: Office for National Statistics)
Number of micro-businesses: 2015 statistics for enterprises employing 0-9 (Source: Office for National Statistics Local Authority Profile, updated 2016)
Number of small businesses: 2015 statistics for enterprises employing 10-49 (Source: Office for National Statistics Local Authority Profile, updated 2016)

Cost of living and quality of life

business talent Average weekly earnings: £636.42 (see how this compares to average UK weekly earnings)

 

Borough Average house prices Council tax (Band D) Population NVQ Level 4+ (2015) Weekly earnings No. of crimes (2015) Average broadband speeds (mbps)
Barking & Dagenham £330,515 £1354.03 32.2 £534.50 16324 28.2
Barnet £511,787 £1397.07 49 £629.80 23201 22.9
Bexley £331,613 £1472.43 33.5 £612.70 12143 22.5
Brent £493,134 £1377.24 45.1 £551.40 25107 22.2
Bromley £427,562 £1347.27 46.7 £681 20576 29.8
Camden £874,301 £1359.38 61.1 £719.80 28765 32.9
City of London £931.20 £864.70 35
Croydon £379,887 £1494.13 40.6 £602.80 29081 27.1
Ealing £507,058 £1359.38 49.7 £562.20 26080 22.5
Enfield £386,047 £1420.17 43.4 £564 22335 29.5
Greenwich £405,099 £1296.05 42.2 £601 21116 35
Hackney £691,969 £1294.42 49.2 £603.40 25934 22.4
Hammersmith & Fulham £835,290 £1003.81 67.5 £686.1 20416 22.6
Haringey £577,300 £1484.01 49.2 £576.60 24116 21.5
Harrow £436,322 £1559.61 47.9 £625.70 12329 29.6
Havering £366,417 £1543.64 26 £626.30 15265 25.3
Hillingdon £400,254 £1388.93 40.2 £605.50 22003 26
Hounslow £415,267 £1355.77 45.5 £565.70 20812 32.4
Islington £722,018 £1296.15 62.7 £670.80 26528 24.7
Kensington & Chelsea £1,380,076 £1042.80 65.2 £762.80 18779 22
Kingston £461,587 £1682.58 53.7 £701.90 9832 28.5
Lambeth £608,415 £1257.35 65 £621.50 33236 23.8
Lewisham £473,303 £1378.66 53.3 £606.40 22328 23.2
Merton £517,721 £1405.22 58 £622.40 12257 33.3
Newham £355,766 £1240.54 43.4 £505.50 28911 26.9
Redbridge £415,574 £1415.22 44.7 £652.50 20094 25.9
Richmond £672262 £1582.39 69.5 £744/20 10834 28.5
Southwark £621,656 £1206.38 56.8 £644.20 30307 29.2
Sutton £360,135 £1486.03 42.5 £605.90 11106 28.3
Tower Hamlets £547,916 £1196.85 45.7 £637 27,456 30.2
Waltham Forest £435,021 £1474.18 42.6 £546.10 20821 27.2
Wandsworth £633,121 £674.22 66.4 £718.50 22828 24.2
Westminster £1,064,308 £668.81 63.6 £764.40 48321 28.5
*Average house prices: April 2016 figures (Source: Land Registry)
Council tax: 2016 figures
Population NVQ Level 4+ (Bachelor’s degree level): 2015 figures (Source: Office for National Statistics)
Weekly earnings: 2015 figures (Source: Office for National Statistics)
Crimes: 2015 figures (Source: Metropolitan Police)
Average broadband speeds: Q4 2014 figures (Source: thinkbroadband)

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