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Enterprise and Economy

Croydon is re-establishing its credentials as a major office headquarter hub with the recent relocations of The Body Shop, Superdrug, EDF Energy, Solium and HMRC to the town centre.

As improved facilities have appeared, with Grade A offices at Interchange, Renaissance and Ruskin Square soon to be joined by Ruskin phase II and One Lansdowne, so the lure has increased for companies attracted to headquarter-style facilities at a fraction of the cost of central London.

The town’s status as London’s fastest growing tech hub, with the arrival of TMRW and Sussex Innovation, as well as being home to the Brit School, is making the borough a centre for creative businesses and start-ups.

With a location just 15 minutes from the West End, the City of London and Gatwick Airport and now identified as a Growth Zone, where more than 23,000 jobs will be created over the next few years, Croydon is well on its way to meeting former Mayor of London Boris Johnson’s description of the town as the “Economic Powerhouse of South London”.

Facts and figures:

  • Croydon is named in the London Plan as a ‘strategic office centre’ and part of the capital’s main reservoir for industrial office space.
  • Croydon’s office vacancy rates are at their lowest for a generation.
  • Just 280,000 square foot of the existing office stock is vacant, down from a peak of 1.8m square foot.
  • The town’s commuter catchment area takes in 1.1 economically active people within 30 minutes’ travel time – around the size of the total population of Birmingham – and more than 4 million people within 45 minutes travel time.
  • Croydon is home to more than 12,500 workplaces which employ more than 110,000 people.
  • Croydon has been dubbed the Silicon Valley of South London thanks to its growing tech sector. Croydon Tech City is an independent community-led tech movement and is London’s fastest-expanding tech cluster. It is home to more than 1,000 digital, technical and creative start-ups.