The economy of Westminster is not only crucial to London, but the UK as a whole. Westminster generates GVA of £46 billion, providing 15% of the GVA of London, and 3.4% of the UK's total. There a wide range of sectors thriving here, with important hubs in education, retail, professional services, media and the arts, and the creative industries. 85% of companies in Westminster have 10 or less employees, have around one fifth have been operating for under two years.
Westminster has more businesses than any other borough in London, providing £1.5 billion in business rates every year. Around 600,000 people are employed here, with this number expected to increase by 15% during the next 20 years. The borough enjoys access to world class talent and turnover that is rising across sectors.
If you'd like to find out more about the economy of Westminster, see the list below. It features the top performers in the borough across all sectors, ordered by their yearly revenues. Discover the biggest earners in the results below.
MoreCompanies in Westminster can take advantage of having access to a highly skilled and educated workforce. The local world-class universities of Kings College, Imperial and LSE provide a steady stream of high calibre graduates across a range of sectors, important considering 40% of jobs in the borough require at least a level 4 qualification, growing to 50% by 2020.
The West End is located in the borough of Westminster and is renowned as a centre for culture and entertainment. There are 2,500 restaurants and bars here, 17 of which have Michelin stars, along with 40 leading theatres, and a wide range of galleries and museums.
