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.
The Council’s Leadership Board rubber-stamped the proposals yesterday (Wednesday 5 December 2018) and now its economic development team will further develop the plans, working jointly with London Youth Support Trust, a charity which specialises in supporting young entrepreneurs from deprived backgrounds.
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.
“We’re excited to be working in partnership with the London Youth Support Trust, who have an excellent track record in helping young people progress, adding to our own economic development team’s fantastic achievements in helping local businesses to grow and local people to find jobs.”
The project comes as Renfrewshire’s regeneration continues to make excellent progress, according to the latest economic indicators.
Renfrewshire’s Economic Profile published this week highlights an employment rate outstripping its neighbouring local authorities and well above the national average.
There are more than 4500 private companies based in Renfrewshire, with a lower average closure rate recorded than across the rest of the country.
And over a two-year period, visitors to Renfrewshire attractions have risen by more than 400,000, while ambitious housebuilding targets remain firmly on target, with 630 new homes completed in the first nine months of 2017.
Councillor Nicolson added: “The latest economic figures give us many reasons to be positive and Start-Up Street is the latest investment in Renfrewshire’s future, building on the five-year funding we have put in place to deliver support to the people and places who need it most.
“We boast the best performing employability programmes in Scotland and our local economy is growing, bolstered by an incredible rise in visitor numbers to the area.
“Against a tough financial outlook for all councils, we remain committed to creating the conditions which attract more companies and bring more jobs to Renfrewshire, ensuring inclusive growth across the region.”
Interested businesses can contact InCube Start-Up on 0300 300 1180 or email email@example.com
Loopy Lally Designs
Textile designer Chloe Wright is excited by the opportunity Start-Up Street will offer for creative businesses. The former Paisley Grammar School pupil founded Loopy Lally Designs in 2017, producing colourful, abstract interior products including cushions, framed prints and lampshades.
Having outgrown her Paisley house, Chloe is now looking to establish her own premises. She said: “I work from home in the wee spare room, but I’m fast running out of space and from a professional perspective, I don’t want to be inviting people into my house.
“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. It’s really exciting what’s happening in Paisley and for school kids to know that there is an opportunity to do creative arts and set up your own business in the town is great.”
For Laura Provan, the buddie behind Paisley Pins, the opportunity Start-Up Street will provide is a “no-brainer” for businesses.
Laura took on her own workspace in her hometown this summer and has not looked back as her popular product continues to build a local, and international customer base.
“It’s amazing the amount of people with connections to Paisley that I meet, I even get orders from Paisley in Oregon in the USA. The acrylic pins continue to fly off the shelves and now there’s a much more diverse product range on offer, with ear-rings and necklaces, tie pins and cuff links.
“I’d been looking for premises for a while as I just didn’t have the space I needed to keep working from home and it was a lonely experience being there, with no opportunities to meet people or collaborate and lots of distractions like tidying up after my kids.
“Having a dedicated workspace has been fantastic, having somewhere where people can find me has definitely improved my business-to-business relationships. Upstairs there’s workspaces for other jewellers to rent out and downstairs we’ve space to run workshops.
“The emotional connection people have with jewellery is very important and people want to know the provenance of a product so it was so important to me that my Paisley product is made here in Paisley.
“Start-Up Street is a fantastic idea and it’s the one thing myself and other creative businesses have always said was sorely missing. It is definitely something people should go for if they’re looking for space, advice and being able to move their business forward – it’s a no-brainer and can only be a positive move.”