Chamber News 6th December 2018
A new project in Paisley will support start-up businesses looking to make the leap into their first commercial premises.
The town’s George Street will become Start-Up Street as vacant Renfrewshire Council-owned units are adapted into a range of low-cost, high-quality digitally-connected workspaces for up to 20 businesses.
It follows a survey of new and early-stage Renfrewshire businesses, with more than 80% looking for subsidised space to grow, but many citing high costs and a lack of know-how preventing them taking this significant step.
George Street is next to the University of the West of Scotland business school and close to the council’s existing economic development hubs. Businesses based here will benefit from an on-site business advisor, training space and a shared reception.
Each company can rent the space for up to two years, with lease costs incrementally increased until they are ready to move to an alternative commercial space in Renfrewshire.
For Paisley textile designer Chloe Wright, who founded Loopy Lally designs in 2017, the project is right up her street.
She said: “My business is growing and moving into new premises is the natural next step for me, it’s really exciting. You can be waiting for years for studio space so Start-Up Street is coming at the perfect time.
“It sounds great, especially having business advice available whenever you need it. Sometimes you can be too close to your business and so it helps to pick people’s brains and get helpful feedback.”
Renfrewshire Council Leader Iain Nicolson said: “We have a responsibility to nurture new businesses and Start-Up Street is being developed in response to what local businesses are telling us they need.
“It will provide a whole package of support to enable businesses to overcome any barriers and grow sustainably, offering an environment which helps them achieve long-term sustainability, moving into commercial premises in our town centres.”
The Council’s economic development team are developing Start-Up Street working jointly with London Youth Support Trust, a charity which specialises in supporting young entrepreneurs from deprived backgrounds.
Interested businesses can contact InCube Start-Up on 0300 300 1180 or email firstname.lastname@example.org