KPMG has set up shop in the new Interchange entrepreneurial hub in Camden, London. The new 84,000 sq. ft. space provides start-ups with access to a wide range of facilities, including professional services, providing them with the conditions to spur growth. The team, led by Jonathan Roomer, will provide a holistic support network.
The Interchange is a new area in Camden that provides 84,000 sq. ft. of space for entrepreneurs and creatives. The space, recently opened, provides entrepreneurs with a co-working space and a range of support and facilities such as an on-site gym, restaurant, bar and event spaces. The area is designed to provide an outlet for product entrepreneurs with retail space in the iconic Camden Markets, while also providing access to a range of professional support specialists and investors that will help new start-ups grow.
One of the support specialists is professional services firm KPMG. As part of the firm’s entrepreneurial programme, which supports London’s start-up and small business community, the consulting firm has opened an operations at the Interchange. KPMG will offer a team to design a holistic support network for the fast growing local businesses.
The team stationed at the Interchange, dubbed KPMG@Interchange, will be led by the firm’s High Growth Technology veteran Jonathan Roomer, whose past includes co-founding a start-up. He remarks about the location and programme that “the combination of Camden’s rich history and the explosion of innovation in London makes Interchange an exciting place to be. We are looking forward to being active within the community, and helping companies to grow.”
Commenting on the move, Ben McDonald, Head of Enterprise for London Region at KPMG, says: “Camden has long been recognised as one of the most vibrant quarters of London and Interchange is the perfect setting for a growing breed of creative entrepreneurs to thrive in. We strongly believe in this area and our investment here signals our belief in the potential Camden has to provide a nurturing home for growing businesses.”
Vanessa Butz, Managing Director of Interchange, adds: “Interchange is focused on helping entrepreneurs and creative companies achieve success and take their business to the next level. A key part of this is facilitating the connections, advice and support to make this possible and therefore we're delighted to welcome KPMG to the Triangle Building as a valuable addition to our community.”
A recent analysis from Compass shows that London is the globe's 6th best city for start-ups. The journey to success will however be a long one – a study from Deloitte, which analysed the evolution of more than 900,000 start-ups globally, reveals that 50% of new enterprises fail before their fifth year of revenue.