31/05/2012

Empty Buildings To Become Available For Start-Up Businesses

20 empty Government buildings will become spaces available for start-up businesses it has been announced today.

18 locations across England have been identified as having the potential to be used by aspiring entrepreneurs to build and grow their businesses. They include locations in London, Rugby, Leeds, Runcorn, Birmingham, Oxford and Bristol.

The Government is now inviting incubation and business start-up organisations, which help new and existing small businesses, to manage and allocate these spaces. These organisations will also provide businesses moving into the space with valuable support and advice.

Business and Enterprise Minister Mark Prisk said: “Many entrepreneurs struggle to find a suitably flexible and affordable space to start their business, so this is a practical measure which the Government is taking to support the next generation of businesses. Opening up areas that are not being used will give entrepreneurs access to the space they need to start and grow.”

The Government, working in co-operation with landlords, will offer as much space as possible to small businesses, giving them room to grow at a low cost.

Minister for the Cabinet Office Francis Maude said: "This Government saved over £100 million in the last financial year alone by getting a tight grip on government property and using space more efficiently.

"In some cases it’s not possible to sell a building or exit a lease immediately when the space is no longer needed. Rather than letting these buildings sit empty at the taxpayers’ expense, we are making this space available to SMEs. This is an innovative measure that will support British business."

Anyone interested in managing the spaces can register their interest at www.contractsfinder.businesslink.gov.uk The process will be open until 29 June 2012.

(GK)

Related UK National News Stories
Click here for the latest headlines.

02 September 2011
'White Space' Technology Gets UK Launch
News of the introduction of highly innovative White Space technology in the UK will mean that it becomes the first country in Europe to make it available. The high-tech broadcast system uses signals that can travel large distances and easily penetrate through walls.
17 November 2008
'Terrorism Competition' For Design Students
The next generation of architects are being encouraged to consider and include innovative counter terrorism measures in their designs as part of a new Home Office competition launched today.
31 October 2011
Clegg Announces £950M For Jobs
The Deputy Prime Minister has announced a Government investment of £950 million to create and safeguard more than 200,000 jobs across England. The money is the second tranche from the Government’s £1.
31 March 2009
Single Government 'Solution For Business' To Help Companies Succeed
The Government has today delivered on its promise to provide a simplified framework for publicly funded support for businesses. The Department for Business has announced that the design and rollout of Solutions for Business, its streamlined portfolio of business support products, is complete with over 3,000 schemes reduced to an opening 30.
18 March 2011
Chancellor Urged Not To Forget About Finance In Budget
A small business support organisation has urged George Osborne not to forget the issue of bank lending in the forthcoming Budget. The Forum of Private Business is calling on the Chancellor to remember that the problem of funding for smaller firms is still far from resolved, despite the recent ‘Project Merlin’ agreement on bank finance.