The Covid-19 pandemic changed a lot of priorities, but as measures ease and a new normal comes into focus, entrepreneurs are revisiting those business plans and looking to make their big return.
Relocating or expanding the business is a rewarding way to capture more of the market as well as tap into new revenue streams.
Cambridge is no doubt a great place to do business. There are many reasons why relocating or expanding your business in Cambridge makes perfect sense, even during these uncertain times, as this blog post will explore.
The very best talent
Cambridge is known for its world renowned universities, with the alumni of the University of Cambridge and Anglia Ruskin University leading the way in many industry sectors. By relocating or expanding into Cambridge, your business will be perfectly positioned to access this talent.
Having the right people to drive your business forward is important. For start-ups and small to medium sized businesses in particular, employing the right staff can be the difference between success and failure.
Even bigger brands need the best talent to succeed, with those investing more time and effort into recruitment seeing fewer issues and overcoming challenges that set their competitors back.
Your staff have a direct impact on your reputation too with new and existing customers looking to your workers and the service they offer for an insight into your company. Here the Evening Standard explains more:
“One of the major challenges for a start-up business is establishing your reputation – ensuring that your company name is synonymous with good work, quality service and professionalism. With your employees acting as the face of your business, it’s vital that you have the right people on-board.
It can take years to build a reputation and seconds to destroy one, so it’s sensible to put procedures in place to protect the interests of your business and your employees.”
Incredible business support
Whether you’re just starting out or looking to make an already successful business even bigger in a new location, the business support you receive will help you progress forward.
Cambridge is already bursting full of great business support initiatives and ‘business incubators’, and the recent introduction of a grant scheme is set to offer further support for small businesses throughout the city.
The grant, which was introduced by Cambridge City Council, aims to invest a total of £1.1 million into the local business community.
Eligible small and micro businesses will receive up to £10,000 to give their businesses a boost and get their companies back on track during these difficult times.
So far over £420,000 of grants have been paid to Cambridge based businesses, and with so much more in the pot, the council is urging small businesses to check their eligibility and apply soon.
Excellent transport links
Relocating or expanding your business into Cambridge is only the beginning. Thanks to the city’s excellent transport links, businesses based here have easy access to London, surrounding cities and the rest of the world thanks to Stansted which is based just 40 minutes away.
A booming economy
As the UK takes steps towards economic recovery following the Covid-19 lockdown, Cambridge is leading the way.
Studies have shown that due to the city’s cycling obsession, those based in Cambridge and the surrounding areas are getting back to work much quicker and this can only be a good thing for businesses.
See the benefits of relocating your business to Cambridge for yourself by staying with us. Our centrally located serviced apartments are a simple and affordable way to experience the business community of Cambridge first hand. Book your stay today and become one step closer to transforming your business.