What happened to the relocated businesses? LDA FOI response
According to the LDA the four Olympic Boroughs, Newham, Hackney, Tower Hamlets and Waltham Forest lost a total of 93 companies employing 1245 staff as a result of the relocation of businesses. A total of 209 businesses employing 4964 staff were relocated. 25 businesses closed completely with a loss of 65 jobs. A further 10 businesses employing 54 staff are not accounted for.
The information was provided in response to a Freedom of Information request, see attached document. Most of the relocated businesses, 105 companies and 3565 jobs, remained within the four boroughs but a substantial number, 52 companies and 996 jobs, moved to other parts of London, mainly to Barking and Dagenham. A further 16 companies and 284 jobs moved outside of London.
It was recently reported that many businesses are taking the LDA to court over unresolved claims relating to compensation, fees and losses. This information request did not encompass those issues.
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Submitted by Julian Cheyne on Mon, 07/07/2008 - 00:55.