Feb. 26, 2013 - PRLog -- LONDON -- The New Year brought a positive note to the outlook for firms across England's regions. Many are set to receive a massive boost from the 4th phase of a £2.6 billion Government development fund. Local companies can gain either as direct recipients of a grant, or by through their location in areas where more local jobs are being generated. An additional indicator suggests that companies within particular industries may be benefiting from this and other local initiatives. Recent research reveals the UK's regional office space market experienced higher demand in certain sectors during 2012, including in specific locations outside the larger towns and cities.
Regional businesses in England can now apply for the 4th round of funding from the Government’s Regional Growth Fund. £350 million pounds is currently waiting to be allocated to successful applicants. By 2016 the Fund will have allocated some £2.6 billion directly to companies. £2.4 billion has already been allocated since 2011. The aim is to lever billions of pounds in further additional private sector funding. The scheme is expected to create some 500,000 new jobs to boost England's regional economies. Private sector businesses are able to apply for funding for a project or programme they would not otherwise complete. Universities, charities, and public sector organisations can also apply. Although only one bid is permitted for a particular project, applicants can submit or be included in multiple applications for different distinct projects. This means they can receive more than one source of direct funding. There are special provisions for SMEs. To date some £400 million has been made available to smaller enterprises. In the meantime, many regional firms were on the move in 2012. This was due to 'success factors' such as expansion prompting the need for more square feet. Upgrading the quality of commercial property was also seen across the regions. There was also movement simply due to existing leases expiring.
“There is a great deal of support for businesses in the regions right now. The RGF is just one very welcome development designed as a boost to local business revenues. In our own way, we have a long history of supporting local businesses. The right commercial premises are vital. We quickly source competitively priced viable premises including storage, industrial units, shops and of course office space to rent. Companies small and large may require help to identify which areas are going to serve their needs at the right price. Our clients never have to equate sustainable pricing with a compromise or 'cheap' meaning low quality accommodation. We have often saved firms time and money with suggestions for areas or actual premises they may not have previously considered. Our local knowledge means we could still offer an ideal fit for their operational needs. We specialise in balancing needs with price and a fast, responsive service,” said a spokesman from Pearl and Coutts.
To speak to Pearl and Coutts about office space to rent across the UK call their multi-lingual team on 0207 843 3753. Their available commercial property can also be viewed online at www.pearl-coutts.co.uk