Greater London is often referred to as "the City" or "the Square Mile" and it forms the main financial district. Archaically, the urbanised area of London was known as the Metropolis. In common usage, the terms "London" and "Greater London" are usually used interchangeably. Greater London is officially divided for some purposes, with varying definitions, into Inner London and Outer London. For some strategic planning purposes it is divided into five sub-regions. Greater London is under the strategic local governance of the Greater London Authority (GLA). It consists of an elected assembly, the London Assembly, and an executive head, the Mayor of
City, University of London million of which £11.6 million was from research grants and contracts, with an expenditure of £221.4 million. Cass Business School is ranked 5th in the UK and top 40 in the world in the Financial Times' 2017 Global MBA Rankings. City, University of London, is a member of the Association of MBAs, EQUIS and Universities UK. City University traces its origin to the Northampton Institute, established in 1852 and named after the Marquess of Northampton who donated the land on which the institute was built, between Northampton Square and St John Street in Islington. The institute was established to provide