The Clustering of Financial Services in London*

3. To what extent is London’s economic growth impeded by the following? (Please tick one box per factor).
Rate in terms of importance on a scale from 1 to 5, where 1=not important and 5=very important; 0=not applicable.

	1	2	3	4	5	0	Tot
Cost of business premises	F	19^	64~	110	103	F	1193
State of the underground	1F	2F	59~	8F	114	F	1155
National transport links	23	34	67	85	89	10	1077
Government regulation	29	41	66	68	80	22	981
International transport links	39	48	79	55	65	20	917
Local infrastructure (including buildings)	2F	6F	9F	6F	39~	14~	89F
Environmental quality and pollution	43	72	99	48	20	26	776
The UK’s current position outside the Euro zone	82	76	57	29	26	37	651
Availability of staff with language skills	7F	6F	6F	4F	1F	4F	640
Access to venture capital	101	52	50	15	8	80	455
Other (please specify):	F	F	T	F	1F	F

4. What is the nature of competition in your line of business in London? (Please rank in order of
importance where 1 indicates most important, 0 indicates of no importance.)

	1	2	3	4	5	0	Tot
Competition on cost/price	4F	5F	5F	5F	55^^	3F	798
Competition based on service differentiation	5F	4F	4F	7F	6F	2F	777
Competition based on innovation	38	53	68	61	41	43	769
Competition based on ability to serve customers across borders	41	57	52	57	53	46	756
Competition based on product differentiation	3F	5T	7F	4F	3^F	6F	743

About Innovation

5. How much does your location contribute to your ability to innovate in each of the following ways?

Rate in terms of importance on a scale from 1 to 5, where 1=not important and 5=very important; 0=not applicable.

	1	2	3	4	5	0	Tot
Developing new markets	4F	4F	6F	8F	4F	2F	869
Developing better ways of delivering your service/product	46	51	90	59	30	29	804
Developing new services	52	57	70	68	21	36	753
Re-orienting you company strategically in the face of change	5F	5F	7F	4F	2F	3F	710
Improving internal organizational structure	64	72	74	40	14	49	660
Developing new products	5F	5F	5F	5F	1F	64~	643

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The Clustering of Financial Services in London*

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