What is a business park?
As more and more businesses are opening up within the UK and worldwide globally, the need for premises has grown extremely fast. With businesses being forced to expand due to increasing numbers of staff joining the workforce, premises are not always the easiest thing to source, especially if there are requirements for specific machinery or technology. Business parks could be the solution for you!
With the tremendous increase in tech-related businesses across the UK, the need for fast fibre optic internet is also essential. Many old school buildings that have been turned into offices cannot provide the speeds suitable to be able to cope, which leaves them redundant as an option for many CEOs.
A solution to this problem was first coined across in the US, with the first office park’ opening in the late ’50s to turn wasteland into a booming place to set up and run a business. Land and building costs are a lot cheaper outside of a major city centre. Turning this wasteland into large warehouses, offices, and manufacturing plants allows a government to solve the problems covered earlier within the article.
In the UK we can see industrial estates and business parks in every town and city, providing businesses with the space to work as they would like. Business parks offer immediate benefits for companies of all sizes and are perfect if you’re looking to relocate or simply finding your first company location. A business park is technically defined as a land area in which many office buildings are grouped.
Benefits of relocating to a business park
Choosing to locate your company on a business park means that your company is based in a dedicated business area. If you want an office, you’ll find they come serviced and furnished, offering premises which combine the space you may need with great facilities. Business parks give you a fast start so that you can take advantage of the range of services on-site, this cannot really be found in the typical city centre old school office.
Networking and getting to know other businesses on a dedicated business park gives you a further advantage as like-minded, driven professionals surround you. Having other business leaders run their companies alongside you could help you build your passion and enable you to seek support and fresh perspectives. This increases motivation!
Business parks have enough capacity and space for companies to move premises as business needs increase. Initially, your company may require a small office, but in time, as you grow, you may need more space. It is always much easier to move to a new office in the exact location than finding and move to a new place. This is especially relevant for keeping staff happy, without migrating to a further away location due to the company size increasing all of a sudden!
In some regions, business parks are heavily criticized, however. Some critics believe that these dedicated areas can sap the vitality of downtown areas by encouraging businesses to relocate. They also create uneven development by building on previously unused land in suburban areas. This can encourage urban sprawl, which is undesired in some parts of the world.
Businesses argue that these parks create a concentrated, affordable office district, and then when they are thoughtfully built, they can contribute to the communities they are constructed in.
Overall, it is fair to say that most people favour the business parks being constructed or expanded as the pros certainly outweigh the cons. However, business parks will have to change the way they are being built to become more interlinked within the rest of the cities they are being built in. This desire for more public transport, a need to reduce commute time and increase collaboration has seen the functional but unconnected business park fall out of favour.
With the overwhelming majority of business parks being set out of the way and in the quiet areas of towns and cities, there need to be some changes to make sure these parks are not left out of the major travel routes. In an era where a connection is paramount, the siloed office park seems unworkable and old fashioned.
So, what have we learned from this article? Business parks offer immediate benefits for companies of all sizes and are perfect if you’re looking to relocate or simply finding your first company location. With innovation, the business park can continue to be one of the best ways to create space for the expanding businesses that need to upscale their production or offices.
If you are looking to upscale and relocate your business, take a look at some of the business parks that are local to you. You should look around to see if there are any offices or space available to let. It could be the best decision you make, even if you feel it is a little too soon for your business!
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Running a Business from Home
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Who Pays Business Rates?
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