CITY STATISTICS
JUNE 2016
Welcome to the City of London Corporation CITY STATISTICS
RESEARCH BRIEF PUBLISHED BY THE CITY OF LONDON CORPORATION City Statistics
Private sector employment and firms density
City characteristics
The City is a densely clustered business district, comprising 16,580 businesses 1 across 1384 office addresses 2 in 8.6 million m 2 of B1 office space. The residential population is small and largely clustered in discrete locations – 7,375 usual residents in 2011 (nearly 9000 including second home owners), across 4,385 households 3 .
Principal land use distribution
In 2014, the City’s workforce accounted for 8.6% of London’s employment - 414,600 jobs 5 , equivalent to the combined populations of Oxford and Brighton. 84% are full-time employees, 12% part- time, 3% self-employed. The City’s top four sectors comprised 83% of employment – financial services (39%), professional services (26%), business support services (10%), and Information and Communication (8%). The City has the largest financial services cluster in London – 163K jobs, compared with 69K in Canary Wharf (Tower Hamlets), and 45K in Westminster. Recent years have seen strong growth in jobs and businesses in the City – since 2010, a 16% (58K) increase in jobs to 2014, and 30% (3,800) growth in firms to 2015. While over half the new jobs have been in financial and professional services, the rise in technology, media and comms roles has been
While the majority of City firms (98.6%) are SMEs (<250 employees), the 225 large businesses based here account for around half of the jobs overall, and approximately three quarters of the financial services jobs. The City has the highest density of jobs and firms in London 4 .
1 ONS Business Activity, Size, Location 2015 2 http://www.cityoflondon.gov.uk/services/environment-and- planning/planning/development-and-population-information/ land-use/Documents/office-info-2014-a.pdf 3 Census 2011 data 4 http://www.centreforcities.org/wp-content/ uploads/2014/08/13-10-10-Inner-Londons-economy.pdf
5 Business Register and Employment Survey 2015
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