The City of London is attempting to reinvent itself as a start-up hub to encourage more small businesses to “re-enter the city centre”.

The Corporation has drawn up plans to create start-up hubs and more affordable workplaces, with a target that a fifth of office tenants be new to the Square Mile by 2025.

The report, which lays out a “vision for London in 2025”, will be published this week with consultants Oliver Wyman and Arup.