Top 5 Small Businesses in London
Small businesses in London play a crucial role in the city’s economy and are experiencing significant growth. The number of small businesses in London has increased by over 10% since 2015 and employs over 3 million people, making up over half of the city’s private sector workforce.
The tech sector and food and beverage industry are two of the fastest-growing industries for small businesses in London. In 2019, London was ranked as the second-best city in Europe for small business growth. A hypothetical distribution of small businesses in London is tech start-ups (30%), food and beverage businesses (25%), e-commerce businesses (20%), health and wellness businesses (15%), and creative businesses (10%).
London is home to a thriving tech start-up scene, with many companies specializing in areas such as fintech, AI, and cybersecurity.
Food and beverage businesses
The food and beverage industry in London is growing, with many small businesses specializing in healthy food options, artisanal coffee and craft beer.
E-commerce businesses are growing rapidly in London, as more and more consumers turn to online shopping for convenience and accessibility.
Health and wellness businesses
There is a growing demand for health and wellness products and services, with many small businesses specializing in areas such as fitness, nutrition, and mindfulness.
London has a thriving creative scene, with many small businesses specializing in areas such as design, fashion, and photography.