London is the 7th costliest city for small businesses

The Federation of Small Businesses and London First have launched the first 'Small Businesses Cities Burden Index' to show how London fares against its major international competitors.

The research shows that London is the seventh costliest city for small businesses to carry out business activities in, when compared to major cities in 23 other countries.

The analysis shows London's position is as a result of a high costs burden, although lack of access to finance and infrastructure impediments such as transport were also important factors.