Bloomberg ‘pays £100,000-a-year’ for officers to patrol headquarters

Bloomberg pays £100,000-a-year to have City of London police patrol its iconic headquarters, it has been reported.

The data giant stuck an agreement with the capital’s police force for an ‘enhanced policing service’ around the building in 2019 according to an FOI response submitted by City AM. 

Originally the deal was for the company to fork out £90,000 a year, which they did from 2020 to 2022, but it was increased by an additional £10,000 per year in 2023.

However, concerns have been raised at making the police force a ‘hirable service’ and taking potentially essential officers away from other areas that need it more. 

Bloomberg pays £100,000-a-year to have City of London police patrol its iconic headquarters, it has been reported. Pictured: Bloomberg HQ in London

The data giant stuck an agreement with the capital’s police force for an ‘enhanced policing service’ around the building in 2019 according to an FOI response submitted by City AM

‘While there may be arguments to increase funding for bobbies on the beat, there are questions as to whether it should be resourced through partnerships with the private sector.’ 

‘Accepting contributions from companies risks directing operational resources based on who’s willing to chip in rather than where there’s a public need,’ Steve Goodrich, head of research and investigations at Transparency International UK, told City A.M.

Depite this City of London claim the funding is going to support is for the safety and protection of all, not just Bloomberg employees. 

Chief superintendent Rob Atkin said: ‘This police services agreement has fostered a sense of safety in the surrounding area, enhancing the experience for Bloomberg employees, as well as the millions of commuters and residents who frequent the City each week.’

‘Comparable to the provision of police services at private events like music concerts and football matches, this partnership delivers tangible benefits to the broader public where police personnel are dedicated exclusively to their duties.’

A Bloomberg spokesperson said: ‘Our support provides an additional officer to help patrol one of the busiest areas of the City, including Bank and Cannon Street stations, Mansion House, as well as the many local restaurants, businesses and offices in the vicinity.’

Bloomberg and City of London Police have been approached for further comment.