New Businesses: Greater London

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform how many new businesses were started in each London borough in 2007; how many of them received Government funding during that year; and if he will make a statement. (232372)

The latest available figures for new businesses are for 2006 (based on businesses with turnover over £60,000 registering for VAT). The figure for each London borough was as follows:

*VAT registrations in London and in each London borough, 2006*
	Number of new businesses
London Government Office Region	34,825
Barking and Dagenham	370
Barnet	1,490
Bexley	560
Brent	1,135
Bromley	1,015
Camden	1,925
City of London	1,385
Croydon	960
Ealing	1,350
Enfield	865
Greenwich	600
Hackney	990
Hammersmith and Fulham	1,000
Haringey	790
Harrow	835
Havering	635
Hillingdon	845
Hounslow	900
Islington	1,345
Kensington and Chelsea	1,205
Kingston upon Thames	585
Lambeth	985
Lewisham	635
Merton	830
Newham	620
Redbridge	830
Richmond upon Thames	1,000
Southwark	1,090
Sutton	525
Tower Hamlets	1,180
Waltham Forest	615
Wandsworth	1,370
Westminster	4,375

The Government support new businesses in the capital in the main through the London Development Agency (LDA). In 2007, the LDA provided support estimated at over £6.2 million to more than 1,500 new businesses in the form of direct finance, subsidised financial and other support or advice.

Volume 482: debated on Tuesday 11 November 2008