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Boris Johnson launches scheme to help London businesses expand overseas

Written by Adam Pescod on Tuesday, 02 February 2016. Posted in Growth, Finance

The Mayor’s International Business Programme will connect fast-growing companies with mentors including Kathryn Parsons and Sarah Wood

Boris Johnson launches scheme to help London businesses expand overseas

Chris Harvey / Shutterstock.com

The next mayor of London is soon to be elected but there’s still time for the current incumbent to leave his mark on the capital. That’s why Boris Johnson has today launched the Mayor’s International Business Programme, which aims to help London’s fastest growing companies break into international markets and become global success stories.

Led by the mayor’s official promotional company London & Partners, part-funded by the European Regional Development Fund and supported by industry partners including KPMG and London Chamber of Commerce and Industry, the programme will help participating businesses scale overseas through a combination of mentoring and private sector backing. Over the next three years, it is aiming to boost the international potential of 800 high-growth companies based in London.

The first 50 businesses to join the programme span the technology, life sciences and urban sectors and include job site Adzuna, flower-delivery startup Bloom & Wild and cycling company Blaze. All participants will receive advice and mentoring from some of the world’s most recognised and celebrated business leaders, including Decoded’s Kathryn Parsons and Sarah Wood of Unruly.

“London’s businesses and entrepreneurs continue to be at the forefront of innovation and creativity and I have seen first-hand the demand for their goods and services across the world,” said Boris Johnson, mayor of London. “By helping the capital’s businesses become the next global leaders, we will see the creation of more jobs for Londoners.”

Sherry Coutu, serial entrepreneur and mentor for the programme, added: “International expansion is a key enabler in helping us to produce more UK businesses of genuine scale. It is important that we draw upon our existing strengths from the large number of UK companies who are already international success stories while removing the barriers for the next generation of rising stars.”

Johnson is certainly doing his bit to carve a legacy as a startup-friendly mayor. 

About the Author

Adam Pescod

Adam Pescod

EB's former editor, Pescod was tasked with ensuring these hallowed pages are rich with excellent, engaging and error-free stories, all written with the entrepreneur in mind. Pescod previously plied his trade penning pieces about pubs and pints. He is also a sucker for alliteration. 

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