A new report by the Business Centre Association (BCA) has revealed that flexible, cost efficient business spaces, such as those offered by United Business Centres (UBC), are crucial to the current recovery and future success of the UK economy.
Highlighting the rapid pace of market growth and increasing customer demand, the report also states that UK business centres help generate £2bn of income and are currently home to 80,000 SMEs employing over 400,000 people.
Jennifer Brooke, Chief Executive of the BCA, comments: “Recent research has shown that the bulk of economic growth comes from high growth SMEs, with just 1 per cent of the business community generating 68 per cent of employment growth. This is where business centres excel, proving a magnet for those businesses who value flexibility and responsiveness as integral to their growth strategy.”
65 Church Street Business Centre, Birmingham
Allowing SMEs to flex their growth according to demand and individual business needs, UBC provides high quality, serviced office or workspace in desirable locations across the North West, the Midlands and the South East.
Tom Mulvaney, Managing Director, UBC, commented: “A key benefit of our business centres is that we can quickly adapt our agreements, office sizes or service packages to suit business’ evolving needs. It’s great news for the UK economy and SMEs alike that the business centre market is thriving, giving more high quality choices to customers in terms of where they set up their company, while giving them the space and flexibility to develop and expand as needed in future.
“We’re seeing that the growth of SMEs is particularly strong in The Midlands, where we have already reached 50 per cent occupancy for our unique new site on Church Street in the City Centre. We’re now host to some exciting businesses in a broad range of market sectors, including Youngs Investment Company Limited, Clements Gray, Xforces, Cloudo Kids, James Webber Recruitment and JK Conroy & Co.
“Our Solihull (Birmingham Airport) site is booming too with 89 per cent occupancy levels.”