Finding the right location is often the most important aspect of starting your own business. For a retail establishment, for example, being in the right place could maximise opportunities to attract passing custom. For other types of businesses, location could be key to portraying the right image and being able to recruit top talent.
While many businesses start from home, it is important to plan for the future and take business growth into consideration. An unexpected increase in orders, for example, may facilitate the need for more staff or additional storage facilities and these factors need to be considered when choosing a business location.
As an global hub, London has always been an attractive location for business investment, but the South East, with its thriving towns and excellent traffic links could make a more cost effective alternative. The South East trails just behind London as the UK’s second richest region, and could offer many benefits for businesses, without the traffic congestion, overcrowding and sky high property prices of the Capital.
The South East (including London) continues to weather the storm as far as the downturn is concerned. According to the Telegraph the region continues to drive growth, and accounts for nearly all of the UK’s fastest growing local authorities. Across the region, property prices remain buoyant and unemployment levels are relatively low. The transport infrastructure is also highly developed, with major towns in the region connected by road and rail to London and several major airports, including Heathrow, and Gatwick in close proximity.
The region boasts a number of prestigious companies including Global technology brands such as Microsoft, Cisco, Symantec and Vodafone which are based in Reading. Milton Keynes is also predicted to show high areas of growth over the next few decades and many major companies have chosen to base themselves here, including Daimler Chrysler, the Open University, Aston Martin and Suzuki. Guildford is another thriving town, situated just 30 miles South of London and companies such as Colgate-Palmolive and Mitsubishi are located here. Investment is not just coming from UK businesses, Many international companies have chosen to open offices in these prosperous towns.
Choosing Office Space
If your business is a start up, it might be sufficient to rent a serviced office. This will give you a mailing address and access to other facilities while you look for a more permanent solution.
Once you have established your business, you can consider searching for business premises. Renting office space can offer certain advantages, there are fewer upfront costs and the Landlord will have responsibility for the upkeep. If you rent, rather than buy, you will also be protected should property prices decrease. There are plenty of options should you be looking for office space to rent in Reading, Guildford, Milton Keynes or any other location in the South-East.
The economic downturn has seen many businesses seeking to relocate and the South East with its thriving towns and proximity to London is an obvious choice. The region boasts many of the advantages of London, without the more obvious disadvantages. Most towns in the South-East are within an hour’s drive or rail commute from the Capital.