London commits to helping SMEs

Newly formed small and medium sized businesses will be given the chance to tap into the City’s £13billion fortune as part of an ongoing new campaign which takes off over the next three weeks.

The City of London Corporation have come up with the idea of putting owners of small and medium sized business enterprises (SME) together with the bosses of top City firms. The hope is that SME’s will be able to overcome the problems they have had with their City rivals.

The City of London Corporation have spent four years coming up with solutions to help  integrate London’s small business with the City giants. And the result is the £300,000 Ready to Supply campaign.

They found in the past there has been lack of understanding of complex process issues, and the failure for local businesses to access the City’s supply chain.. So it’s hoped the two way interaction will bring opposing sides together like never before.

The chairman of Policy and Resources for the City of London corporation Stuart Fraser, Chairman of Policy and Resources at the City of London Corporation said:  “The next three weeks should provide SMEs and City firms alike insight into how to work together to form commercially rewarding relationships.”