Why London is still an attractive place to workPantaRei29272018-11-12T12:55:31+00:00
Why London is still an attractive place to work
Working in London? Since the historic Brexit vote back in 2016, a cloud of uncertainty has taken shape over the UK. Over the last year, migration from the EU to the UK has dropped by 26%. But that doesn’t mean London isn’t still an attractive place to work.
A recent survey by the Boston Consulting Group of 366,000 people in 197 countries shows that the UK has recently lost some of its appeal as a top destination to move to for work. Four years ago, it ranked second worldwide. Now people around the world prefer the US, Germany, Canada and Australia when looking for work opportunities overseas. Interestingly enough, London remains the most popular city, beating the likes of New York, Berlin and Barcelona. As a major financial, business and cultural hub, the UK’s capital has a history of attracting people from all corners of the world. Today, 37% of its population is foreign born, making it one of the most international cities worldwide.
One of the reasons London continues to be the top choice is the incredible number of exciting work opportunities on offer, particularly for people looking to join big success stories like Revolut, Transferwise and Improbable. Since June 2016, over £5 billion in venture capital money has been invested in the UK. For the record, that’s more than Germany (£2.15bn), France (£1.55bn) and Sweden (£644m) combined. The result is a thriving ecosystem of highly innovative tech companies, hosted in the hundreds of incubators, accelerators and co-working spaces spread around the city. According to Cushman & Wakefield, a record 2.5 million sq. ft. was leased to flexible workspace providers in Central London last year, a 190% increase on the previous year.
But London’s appeal hasn’t all got to do with work. The recent rise in well-being related companies is proof of a population that is becoming more health (and happy!) conscious. Evolve Wellness Centre’s vision is to create an environment that supports people to live healthy, balanced lives. It provides everything from yoga classes and massages to meditative baths and psycho-spiritual coaching. Fitness boutique Frame offers a wide variety of dance, yoga, pilates and barre classes for people who don’t want to commit to memberships but pay for a class when it best suits their busy (work!) schedule. And if you’re simply looking for a relaxing night out with friends, Flight Club has come up with a fun, new take on a game of darts.
Last not but least, London is an incredibly well connected travel hub. Let’s face it, no matter how much you love your homebase, sometimes you just need a change of scenery. With 5 international airports and direct trains to Paris, Brussels and Amsterdam, the options are endless.
So if you’re considering a career move or would simply like to move abroad, don’t forget to include London on your wishlist of places to one day call home.
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