Leicester is one of the biggest cities in the Midlands in the United Kingdom and for quite some time its economic environment has proved to be good in nurturing small businesses that start a up in the area. There are quite a number of reasons why Leicester is a great place to start a business. I will try to break down some of them for easier comprehension.
First, I will mention availability of finances. There is greater support to individuals or groups which want to start or sustain businesses in Leicester. There are a variety of loans offered to this people from the local council and other lenders like the Leicester Business Gateway. Access to these loans is faster, easier and they are offered at meaningful rates too. Grants are also available in support for some of the already existing businesses. These, altogether, create a conducive environment for business establishment and growth in Leicester.
Secondly, is the training opportunities. There are good and commendable learning institutions in Leicester. There are two universities and a college. Education is one main reason for there existence and training is part of the education. They offer quality training to the residents of Leicester and those who intend to take part in business start up and development. The most relevant and modern ways to operate businesses are offered as part of training. This ensures Leicester is enriched in terms of business training.
Availability of skilled labour is another factor. Statistically, almost 45% of United Kingdom’s small businesses predominantly undertake outsourcing when seeking advice on matters concerning them and certainly Leicester is already well equipped to handle such concerns. The learning institutions available in the city provide necessary and up-to-date skills in matters production and management in businesses.
Security is another key factor. No business thrives in an area experiencing insecurity. Leicester and the United Kingdom at large has put a lot of efforts in ensuring the area is secure at all costs. Unlike other places in the world, Leicester has a secure environment which allows smooth operation of businesses.
There is also availability of market. Leicester has a fairly large population. This, in turn, translates to a large market ready to consume one’s products and services, like in this case the carpet cleaning services. The larger the market the greater the income and it will eventually lead to easier sustainability of the carpet cleaning business.
Fair taxation also is another factor. The tax rates applied by the local council which translates to the national revenue of the United Kingdom are fair to the small businesses. They are structured to ensure a win-win situation between the government and the businesses. This encourages set up and growth of businesses.
Encouraging government regulations. The regulations pertaining to start up and running of carpet cleaning business are not discouraging. They only seek to ensure delivery of standard services hence client satisfaction.
Another notable factor is Leicester’s geographical position. Leicester is virtually in the middle of the United Kingdom and this makes it easier for the carpet cleaning business to expand in any direction.
Availability of infrastructure is another factor. Leicester has good infrastructure such as the M1 and M69 motorways which makes it easier for transportation
Last but not least is lesser competition. There are not many carpet cleaning businesses in Leicester. This means that competition is not stiff. It will help in the proper survival and growth of the business.