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LONDON BOROUGHS BID FOR BUSINESS

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London boroughs are bidding to help run London's small business service. ...
London boroughs are bidding to help run London's small business service.

The Department of Trade and Industry invited bids to run new small business services last November to help rationalise support for small businesses, currently provided through Business Links.

The bid to run the London service is based on the creation of a new chamber of commerce which would work with the boroughs, the London Development Agency and Greater London Enterprise.

A new company would be set up to run the franchise for the service, with boroughs holding 13% of the voting rights through the Association of London Government and GLE. London businesses would be the majority stakeholders, via the chamber of commerce.

ALG vice-chair Sally Powell said: 'The boroughs make a huge contribution to small business development . . . London's council leaders have been involved in negotiations to ensure the bid recognises this contribution and enables local government to play a strategic role.'
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