Business & IP Centre is five years old today

BIPC logoWhile I am on the subject of birthdays (Escape the City is one year old), I would like to note that the Business & IP Centre is five years old today.

My colleague Isabel Oswell, who heads up our marketing activities, has come up with some helpful numbers to give an indication of what we have achieved in the last five years.

I should acknowledge the match-funding by the London Development Agency (LDA), which has enabled us to achieve so much.

I am proud to have been involved with something that has helped so many, and want to thank everyone who has helped to contribute to our success.

To date we have helped 200,000 entrepreneurs and small businesses, and given direct advice and guidance to over 30,000 people.

Fifty percent of these have been pre-start up, and 50 per cent have been post-start up and owners of growth businesses.

They come from a diverse range of backgrounds, with fifty percent women, and 37 percent from black and Asian minority ethnic groups, and 4% with disabilities.

Over a quarter of the Centre’s visitors are from the creative industries.

An independent evaluation by Adroit Economics, revealed that, between 2007 and 2009, the we helped to create 829 new businesses for London, and a further 786 new jobs for Londoners. The combined turnover for these businesses was £32 million and 89 percent of their founders say this success could not have been achieved without the Library’s help.

For every £1 that the LDA invested over the period, the businesses saw a £22 increase in turnover. Further, these businesses, supported by the Centre, have contributed £5.5 million to the public purse.

In addition, owing to its reputation and brand, the Library has also managed to leverage its funding through sponsorship, discounts, pro bono work, positive press coverage and other in-kind benefits at an estimated value of over £10 million.



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