The SW region of London is arguably one of the most diverse when it comes to the line of work one could find oneself in.
It’s no surprise then that there are 95,000 businesses registered – and a workforce of 1.3 million people employed in the region alone.
The region encompasses many boroughs, and almost everyone boasts activity in a different sector. But what are the top performing sectors in South West London?
Retail
The retail sector in London has boomed for centuries – with merchants seeking their fortunes with their wares in the capital – and has maintained the lofty sales figures. Kensington especially is known for the boutiques and high-end retail experience offered – champagne and crudités offered during the shopping trip.
Even during the recession, Kensington maintained levels of retail outlet vacancy below the government average, and reports predict that the retail floor space will need to increase by nearly double in the next 10 years.
Finance
Working in finance is another burgeoning light on London’s crown of sectors that thrive. Eclipsing the accountancy and tax work done in the SW is the financial risk management offered. Financial services feed on the economic buzz of the city, and a lot of the stock market equity is managed in the SW.
But it’s not limited there, as remote work in the finance sector has been picking up in recent years. Some finance professionals as well as amateurs now choose to go online for their work on the stock market, particularly when trading in CFD (contract-for-difference), where timing is essential.
CFDs are inherently risky due to the high profits and losses that can be incurred depending on when they are bought and sold. So, the financial knowledge of the sector is relied heavily upon in SW London but increasingly remote at the same time.
(C) Pexels
Tourism
While tourists flock from far and wide to see Big Ben, the Houses of Parliament, and Buckingham Palace, it’s actually the Westminster and Whitehall areas that work the logistics of these visits. The tourism sector throughout London can be found in these areas in order to closely manage the 7% yield tourism brings into the country, a heavy amount of this from London alone.
Industry
SW London is so diverse that high-end retail shares the postcode with titans of industry. Wandsworth in particular boasts a strong industrial sector background, while also offering a large amount of million pound houses for sale.
The Stewarts Road area is almost predominantly industry-heavy, offering little in the way of housing. As London boomed, industry tended to take a back seat, with the jobs being farmed overseas to greater industrial hubs – or up North. However, the patches of SW still retain the industrial zeal that helped define London in the 19th Century.
So, you can see how such a wide-ranging area can create a wealth of different jobs in different sectors. But, it is precisely this diversity that keeps the businesses afloat and keeps each one thriving. The area reflects London – and the UK – as a whole, offering a renaissance of sectors, ideas, and businesses in order to pave the way for a stronger economic future nationwide.
