Having come to within 10 days of collapse, Knowledge Point has been saved by London Taxi Company (LTC). The capital’s famous taxi school was on the rocks and unable to afford the rent at its previous address on Caledonian Road ahead of Christmas, but has now been relocated to the nearby (we’re talking metres) LTC Brewery Road dealership.
The news comes as a relief for London’s cabbies, though the future of the trade is still uncertain thanks to the rise and rise of Uber. Knowledge Point opened its doors back in 1983, and has taught 9,000 black cab drivers 'The Knowledge' between then and now, ensuring they have a complete grasp of the 25,000 roads within a six-mile radius of Charing Cross.
LTC, which knows a bit about being stuck in a tight spot, says the taxi school will be given rent-free space to operate out of. The company itself had to be rescued by Chinese firm Geely a few years ago, and will no doubt also benefit from the Knowledge Point deal. [Guardian]