Mayor announces new office-space protection for small business
The Mayor of London, Sadiq Khan, announced on Friday 3 June that he will put new measures in place to help protect and expand office space for small businesses, start-ups and entrepreneurs in London.
Sadiq Khan made the announcement following the publication of new City Hall figures which show that since 2013, over 1.47 million square metres of office space could have already been converted into residential units in London using the Government’s ‘permitted development rights’, which allows uncontrolled office-to-residential developments. This means space for nearly 94,000 jobs in London could be lost through this process.
The Mayor of London, Sadiq Khan, said:
“There clearly needs to be more control over where office space can be converted to residential use. Over the next four years, I will be working to build the thousands of affordable houses we need in London at the same time as increasing the good quality space available for small business, start-ups and entrepreneurs. This is just one of the many pro-business measures I’ll be setting out in the coming months.”
The new measures the Mayor plans to put in place include:
- Amending the London Plan so that there is stronger protection for small businesses and start-up workspace
- Delivering new spaces for small businesses, the creative industries, artists and the fashion industry within new residential and mixed-use developments
- Promoting schemes to provide linked affordable housing and business space in new housing developments
- Working with the Government on changes to permitted development rights