When you think about doing business in London, you’ll probably focus on major areas like the City and Canary Wharf. However, interestingly, there are many other great locations. Enfield actually recently published a new economic plan with an ambitious goal to make the area the leading borough for business by 2040. Let’s have a closer look at it here, then if you need some help with investment properties in Enfield, including guaranteed rent, you can speak to us.

The plan

Enfield Delivers is a really interesting plan that aims to boost the economy in the borough. The aim is to create more jobs, improve skills, make it a better area for businesses, and also attract more investment. Ultimately, the vision is to ensure the area is “the leading industrial and entrepreneurial borough”.

Notably, the plan aims to address key issues in the borough like unemployment. Unfortunately Enfield has one of the highest rates in the city (7% according to Trust for London). It’s particularly tricky for young people to get into work, especially with a shortage of post-graduate jobs. The number of working-age residents claiming benefits is worrying.

How will Enfield achieve their goal?

Critically, the plan is to harness Enfield’s key strengths. This includes a strategic location with an abundance of industrial land (the 4th largest total in the city). The borough also has a strong industrial past/present and is home to 14,000 businesses. It’s particularly attractive for SMEs. On top of that, it has great green spaces and fantastic communities. Speak to us if you need assistance with investment properties in Enfield.

There are three major priorities here. Firstly is to improve the economy, making it more productive and improving resilience. Second is to build thriving places with great infrastructure and transport. Finally, is developing an exceptional workforce with outstanding skills.

Interestingly, the plan focuses on four key sectors to target. These have a huge amount of potential to create quality jobs and drive investment. Additionally, Enfield is well placed to help them grow. Notably they will be looking at manufacturing, construction, logistics/wholesale, and the creative industry.

Comments

Speaking about the economic plan, Enfield Council Leader Alessandro Georgiou was very positive about the prospects. He spoke about the borough’s strengths, including the talent, assets, entrepreneurial community, and regeneration work. Critically though, he said the focus is on delivery. They want to build a strong economy to ensure a bright future for the borough. Notably, “growth must work for everyone”, creating jobs, helping locals gain important skills, and also supporting local businesses.

Considering investment properties in Enfield?

By 2040 Enfield could be one of the best locations in London to do business. Investors should keep an eye on this. The borough could become a major hotspot. Significantly, if it is successful in attracting investment and creating more jobs and opportunities, it could attract more people. This would be great for property owners.

If you have assets in the borough or want to put some money into property, you can rely on Finefair Ltd. We’ve been one of the leading providers of guaranteed rent in London for years. Beyond that, we can arrange dynamic services for all needs, including portfolio services, management, and more.

So, get in touch today if you want to discuss investment properties in Enfield with us. Our ability to provide bespoke services and rent guarantees ensures you can get fantastic results.