Are you a small business owner operating out of your home or garage? Do you find yourself constrained by limited space and resources? It may be time to consider expanding into your very own industrial/business unit. With newly constructed units available across various locations in the North of England, now is the perfect time to make that leap and elevate your business to the next level.
Why Expand into an Industrial Unit?
1. Space and Facilities:
- Say goodbye to cramped quarters and limited storage space. Industrial units offer ample room for both office operations and warehousing needs. With 1,550 sq. ft. at your disposal, you can organize your inventory efficiently and create a professional workspace conducive to productivity.
2. Professional Image:
- Transitioning from a home-based operation to a dedicated industrial unit lends credibility to your business. Impress clients and partners with a professional office space and streamline your operations with a designated warehouse area. Establishing a physical presence can help instil trust and confidence in your brand.
3. Room for Growth:
- As your business expands, so do your needs. Industrial units provide scalability, allowing you to grow your operations without worrying about space constraints. Whether you’re hiring new employees or increasing your product line, having a dedicated space ensures you’re prepared for future growth opportunities.
Support for Small Businesses:
In light of recent developments, the UK government has announced several initiatives aimed at supporting small businesses. The 2024 budget introduced measures to stimulate economic growth and provide assistance to entrepreneurs looking to expand their operations. Here are some key points relevant to small business owners:
1. Tax Relief:
- Currently, the VAT registration threshold stands at £85,000. Under new plans announced in the 2024 Spring Budget, the VAT registration threshold will rise to £90,000 in April 2024. The Chancellor claims this change will take around 28,000 small businesses out of paying VAT altogether.
- In the 2024 Spring Budget, capital allowances gained attention for offering tax relief. Businesses can deduct specific item values from profits, reducing tax bills. Full expensing allows 100% deduction of qualifying investment costs in the year of expenditure. This rule, made permanent in 2023, extends to leased assets, demonstrating government support for business investment.
2. Funding Opportunities:
- Various funding schemes and grants are available to support small businesses in their growth endeavours. Whether you need capital for equipment upgrades or marketing initiatives, explore these funding options to fuel your expansion plans. Discover more here.
3. Infrastructure Development:
- The government’s focus on infrastructure development includes initiatives to improve access to industrial units and commercial spaces. With newly constructed units in prime locations across the North of England, you can capitalize on these developments to secure a strategic location for your business.
Making the Leap:
Expanding into an industrial unit may seem daunting, but the rewards far outweigh the challenges. With the support of government initiatives and access to modern facilities, now is the time to take your home-based business to the next level. Embrace the opportunity for growth, elevate your brand, and position your business for long-term success.
Are you ready to make the leap? Contact us today to learn more about our newly constructed industrial units and take the first step towards realizing your business’ full potential.
Remember, the journey from garage to industrial unit is not just a physical transition; it’s a symbolic milestone marking your business’ evolution and success. Seize the opportunity and embark on this exciting new chapter in your entrepreneurial journey.
Contact us today to discover our leasing opportunities and find out how we can support your business needs.