About Pink Spaghetti Pink Spaghetti Franchising was established in 2012 by Caroline Gowing and Vicky Matthews, following 3 successful years…
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Franchising is a very popular option for anyone to start their own business in London. So today we will share some statistics around starting your own business by investing in a franchise opportunity. We hope these statistics can help you understand the kind of customer base which is in London and the economic growth London has seen within previous years in the united kingdom.
Statistics around London
- Did you know? The current metro area population of London in 2020 is 9,304,000, a 1.38% increase from 2019.
- London’s Gross Value Added (GVA) growth rate is forecast to be 1.5% in 2019. … The growth rate is expected to increase marginally to 1.6% in 2020, before reaching 2.2% in 2021. London is forecast to see increases in the number of workforce jobs in 2019, 2020 and 2021.
- Did you know? The Olympics created 100,000 jobs in London alone.
What do these statistics show for London?
Overall these statistics show a huge customer base in London for multiple services you can offer that is consistently growing year upon year. Also as you can see from the statistics above London’s GVA is growing rapidly every year. Which also shows a huge plus to running a business in London.
How franchising helps the economy?
We will now list some statistics below which were collected for the whole of the UK in previous years. Even though these are not exclusively statistics collected in London they still show what an important role franchising plays annually to the UK economy.
- Franchising provides over 700,000 jobs across the UK
- Franchising alone in the UK contributes to a staggering £17 billion to the UK economy.
- Also franchising raises millions for its chosen charities annually.
What do these statistics show for franchising in the UK?
These statistics show even though franchising is great for anyone looking to run a business but is worried if they are new. Franchising allows those people to achieve their dreams and run their own business and receive help from the franchisor step by step. Also franchising really helps the economy as you can see by reading the statistics shared above. So overall I would say franchising in the UK is a win, win.
Interested in this UK Franchise?
Interested in finding out more about this franchise opportunity? Would you like to run this franchise business in YOUR local UK area? If so, then click the black enquiry button to add it to your “franchise basket”. Once done, simply click Complete Your Enquiry on the popup bar when you’re ready to complete your enquiry into this UK franchise.
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