MAKE IT MAIDSTONE MAKE IT PROSPEROUS
Maidstone Borough Council is working to bring prosperity to the borough
A NEW GENERATION OF WORK SPACE FOR MAIDSTONE Work has started on The Business
Terrace – a dynamic, affordable business workspace providing an inspiring and highly supportive environment to grow and sustain new start-ups and existing micro businesses across Maidstone. It will be open in September.
Once established, we hope that it will benefit more than 1000 entrepreneurs a year through a combination of affordable workspace, flexible time-based and virtual memberships, peer-to-peer business support and collaboration, along with high quality, bespoke mentoring, events, seminars and workshops and informal networking.
The Business Terrace will help break down barriers to business formation and survival across the borough.
Our Economic Development Team has looked at how incubator and affordable workspace is delivered across the country to find the best model for the borough. It will include:
• Day Passes (a little like internet cafes) for use in breakout areas;
These include:
• The high cost and inflexible terms of premises in Maidstone. ‘Generic’ start-up or move-on space is dwindling, there is a lack of premises available on flexible enough terms, and costs are comparatively high - particularly for those without start-up capital such as first time entrepreneurs, recent graduates and residents starting in business from low income backgrounds;
• Too many micro businesses working in isolation with few natural clusters or opportunities for developing local supply chains; and
• A lack of business skills. In some areas, there is little awareness of
• Desk space, on a Membership basis from just 30 hours a month to unlimited use;
• Highly flexible, easy-in easy-out terms for up to six office pods – enabling space for expansion as businesses grow; and
what is available, and the cost of getting help is perceived to be high.
The Business Terrace will combine best
practice and innovation from across the UK to establish a leading-edge facility to meet the aspirational needs of Maidstone.
The Business Terrace is in the centre of
town opposite King Street car park; next to the Bus Station (with Park & Ride) and The Mall Shopping Centre; a few steps from the town’s main taxi rank; and only a five minute walk from Maidstone East Railway Station.
For more information contact Karen Franek on 01622 602392 or email
karenfranek@maidstone.gov.uk
• Seminar, meeting, events and networking spaces: vitally important for businesses to offer impressive hosting facilities for clients, which could lead to them winning more sales and investments.
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