The London Clinic of Psychoanalysis is part of the British Psychoanalytical Society and its training body, the Institute of Psychoanalysis. The paper discusses the functioning of the Clinic and its beginnings. It then looks at what can be learnt from the Clinic's history and phases of development. The author reflects on the various financial, institutional, political and cultural challenges associated with the provision of low-fee psychoanalytic treatment and concludes that money is not the only barrier to ‘psychoanalysis for the people’.