Fifty of London’s fastest growing companies will join the first cohort of the Mayor’s International Business Programme. This is a new initiative launched today, aiming to help London's high growth firms break into new international markets or alternatively grow their existing operations overseas.
PA Consulting Group has joined the programme which is led by London & Partners, the Mayor's official promotional company and part-funded by the European Regional Development Fund.
Other industry partners supporting include BDO, KPMG, Benoy and London Chamber of Commerce and Industry. It is the first programme of its kind, using peer-to-peer mentoring and private sector backing, to help London companies to scale up and internationalise. Companies joining the programme span the technology, life sciences and urban sectors.
Mayor of London, Boris Johnson MP who launched the programme today, aims to support 800 high growth companies based in London over the next three years in order to increase their international business potential.
The Mayor of London Boris Johnson MP, said: “London has a strong heritage as an international trading city and our position at the centre of the business world means the city offers the perfect springboard for companies looking to expand internationally. London’s businesses and entrepreneurs continue to be at the forefront of innovation and creativity and I have seen first-hand the demand for their goods and services across the world. By helping the capital’s businesses become the next global leaders we will see the creation of more jobs for Londoners.”
Colm Reilly, who leads PA Consulting Group’s economic development service said: “It is not enough to talk about internationalisation. We are now in a world where specific Global Supply Chains are increasing in value faster than GDP in all developed countries. The International Business Programme is about targeting those supply chains, identifying the entry points and allowing the right SMEs to scale quickly by being part of this programme. The Mayor has created this programme to achieve real and tangible outcomes for business and we are delighted to have this platform.”