According to The Times, Tower Hamlets has been ranked the UK’s 33rd best place to live. This puts it at the top of East London locales. We want to take a closer look here to see why it got such a high rating. Then, if you have assets and need property management in Tower Hamlets, you can trust us.
The borough is regularly described as providing the best of the capital in one area. It’s popular because it has world class destinations like Young V&A and the Tower of London. Additionally, it comes with the third biggest economic output in the UK thanks to Canary Wharf. There are also markets like Columbia Road and Brick Lane. Tower Hamlets represents London’s history too. Not to mention, it’s home to one of the UK’s most culturally diverse populations.
Comments
The Executive Mayor of Tower Hamlets, Lutfur Rahman, had comments on this ranking. To him, news of the borough being one of the UK’s best places to live comes as no surprise. More individuals wish to visit, live, study, and work in the borough than ever before.
With the outstanding diversity and rich history, iconic landmarks, excellent green spaces, top schools, and thousands of workers, it’s a global destination for business and tourism. They provide the UK’s third biggest economic output. For this reason, this is both the quickest growing and most densely populated place in the UK.
Survey
The Times’ findings match the positive outcome of Tower Hamlets’ most recent Residents Survey. It revealed that 84% of individuals are satisfied with the local area. Around 90% say those from differing backgrounds get on well with one another in the cohesive community. They have made history with a groundbreaking package of support for the residents. Come to us if you need the foremost services for property management in Tower Hamlets.
How was the list created?
A panel of expert judges put together The Times’ list. They had a look at data on categories like education, crime, healthcare, parks and open spaces.
Education
For the borough’s education, it got a score of five. It looked at the % of schools given an ‘Outstanding’ rating from Ofsted. This great news came following Tower Hamlets’ Children’s Services getting an ‘Outstanding’ rating. It positions the service among the top 20% across local authorities in the UK.
Something else the Council did is offer more than 2,350 grants to support young people in university and college. Not to mention, they’re the only authority to restore Educational Maintenance Allowance. Furthermore, the mayor announced proposals to be the first in England to give school uniform grants to parents earning under £50,350.
Parks
Then there’s the ‘parks with a Green Flag award’. It looks at the number of award winning parks per 10,000 people. Tower Hamlets got a 52 score. The borough is full of diverse gardens, open spaces, and parks for everyone to enjoy. Crucially, the area has a record number of awards for its parks. If you are thinking about investing and property management in Tower Hamlets, the greenery is a big selling point.
Community
With the ‘community interest companies category’, the Times’ gave a value of 14. This was based on the amount of community interest companies registered per 10,000 individuals in the area. Crucially, it was a superior score to the top three overall locales on the list.
Tower Hamlets has always had a proud social economy. The borough is home to around 1,300 community and voluntary sector organisations. Its council is also proactively supporting Community Interest Companies (CICs). This includes the recent Social Enterprise Projects. It will lead to an investment of £80,000 to support current CICs so they can develop new income streams. It will offer support to create 25 new enterprises too.
Buildings
Another category was ‘listed buildings’. It looks at the amount of structures with listings per 10,000 individuals. Tower Hamlets got a score of 179. The Borough’s Council has led the way with restoring structures. During January 2023, it made the move to the Grade II former Royal London Hospital. The iconic landmark is from 1770. Its transformation into the new Town Hall has won many awards.
Healthcare
Lastly, the borough’s healthcare got a positive ranking according to the stats. This is a testament to the effort of the council’s public health service together with the NHS. The council offers a groundbreaking package of support to locals. Included here is the council being the only UK local authority to supply universal free school meals in primary and secondary schools. Families save £550 a year per child. Also, they are the first authority to approve replacing the Winter Fuel Allowance following cuts.
Expert property management in Tower Hamlets
At Finefair Ltd, we provide a myriad of excellent property solutions. They allow us to satisfy the individual needs of each client. For example, we can arrange guaranteed rent, management, and more.
So, if you’re in need of the highest quality services for property management in Tower Hamlets, talk to us. We can answer any questions and make sure you get the support you need.
