TITLE

PUSHED, PULLED, BUT DEFINITELY MOVING

AUTHOR(S)
Regan, Martin
PUB. DATE
June 1992
SOURCE
Accountancy;Jun92, Vol. 109 Issue 1186, p64
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on major factors cited by firms as reasons for relocating in London, England. In the early 1960s, when Ford and General Motors wished to expand their operations in southern England, they were given a straightforward choice by the then Ministry of Labour -- expand into the North or do not expand at all. The use of relocation as a tool for bringing jobs into those areas that most need them has been a consistent strand of Government policy ever since. In 1989, commercial surveyors Richard Ellis conducted a study that showed that over half of all companies in central London had thought about relocation. Research from a variety of sources, most notably Jones Lang Wootton and Richard Ellis, suggests that relations are most successful when they are part of planned corporate strategy rather than a knee-jerk reaction to economic trends. There are two types of private sector relocation. The first is companies decentralising from central London to outer London or the South East, the second is companies that move from all three into the provinces, Wales or Scotland. Similarly, the prospects of new markets can also tempt companies to relocate through expansion. The public sector, of course, will continue to relocate.
ACCESSION #
5996985

 

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