The Living Wage Foundation is pleased to announce that three London mixed-use campuses have been accredited as Living Wage employers.
The Living Wage commitment will see everyone working for Broadgate, Paddington Central and Regent's Place, regardless of whether they are permanent employees or third-party contractors, receive a minimum hourly wage of £9.75, the London Living Wage. This rate is significantly higher than the statutory minimum for over 25s of £7.50 per hour introduced in April 2017.
The real Living Wage is an hourly rate set independently, updated annually and calculated according to the real cost of living.
Lucinda Bell, CFO of British Land and Chairman of Broadgate Estates, said:
"At British Land we believe that those who work for us - either our employees or contractors - should be treated fairly and that everyone who works full-time across our businesses should have sufficient income to care for themselves and their families. We are therefore proud to have been recognised with this important accreditation at all three of our central London campuses."
Employers choose to pay the real Living Wage on a voluntary basis. The Living Wage enjoys cross party political support.
Katherine Chapman, Director, Living Wage Foundation, said:
"We are delighted to welcome three high profile London campuses as the latest accredited London Living Wage employers to join our network of over 3,300 organisations and businesses who are making sure that everyone who works on their premises is paid enough to live on.
"It's fantastic that British Land is taking the lead as a responsible property estate manager; working with us to promote the benefits of the real Living Wage to their tenants as well as ensuring their teams are receiving at least the London Living Wage.
"The best employers are voluntarily signing up to pay the real Living Wage now. The Living Wage is a robust calculation that reflects the real cost of living, rewarding a hard day's work with a fair day's pay."