Even at the best of times, launching a new enterprise can prove to be a daunting task, and in the face of hardships, it can seem impossible. However, in spite of the mayhem experienced in recent years – the ambiguity that came with Brexit in 2019, followed by the economic crisis caused by the Covid-19 lockdowns and restrictions of 2020 – it has been a rollercoaster couple of years for launching new enterprises in Hampshire.
It may be hard to fathom, but the numbers speak for themselves. There were more than 15,000 new businesses registered in the county in 2019, which was up 6.5% of the preceding year; and the record improved in 2020, with 15,534 new organisations registered, which was up 2.4% from the previous year 2019. Breaking down these statistics, Southampton had the highest number of businesses launched, at 2,180; the second was Portsmouth, with 1,845; and then East Hampshire, with 1,814. This shows the level of resilience and strength of economic development in the county. Actually, web development agency Hampshire businesses makes up for £50 billion of the economic output and makes a significant contribution to the overall economy given how it has the biggest sub-regional economy in the entire South East.
If you’re looking to set up a new enterprise in Hampshire, there are great resources up for grabs to you. Together with business networking groups, you’ll get a plethora of mentoring and support services in the region. Here’s a look at some of the best:
Hampshire Chamber of Commerce
This a not-for-profit company that consists of about 2,000 local businesses. It’s owned and operated by members from the private industry and is an excellent resource for seasoned companies and start-ups alike. The advantages that members have are just superb, and for new enterprises includes HR, tax, and legal advice. Members also stand to benefit from discounts and offers on services, as well as accessibility to training sessions. And most importantly, you’ll get incredible business networking opportunities, which will assist your company soar to greater heights.
Enterprise Business South
Enterprise Business South is committed to developing and strengthening the economy in this parts. It puts like-minded pros together, including public bodies, educators, and business leaders, to mentor, connect and lobby for change. The autonomous group offers incredible support to all businesses but is notably more helpful for start-ups. From a free-of-charge start-up course to securing funding, business mentoring and coaching, there is a pool of information for those looking to launch a new enterprise. You can get free resources through the site, like the ‘Business Survival Guide’ and templates for documents including cash flow spreadsheets, press releases, and business plans.
Government Start-Up Loan
Launching a new business needs investment and financial planning. The Government-sponsored loan provides funds of £500 to £25,000 for entrepreneurs looking to start or grow their business. The personal loan is unsecured, and because of this, you’ll have to meet certain criteria to qualify. You need to:
Over 18 years
Live in the United Kingdom
Have been operating a business in the UK for less than 24 months, or are planning to launch a business in the UK
Atop the funding, qualified applicants will be helped in writing their plan and start their 12 months of mentoring.
Launching a new enterprise, or growing an existing one is no easy feat. We at Planet World City are here to streamline the digital aspect of the process. Call our full-service digital agency to learn more about how we can assist you to display the products your company is offering online. We can run the whole online presence, so if you want to better your digital footprint, you should reach out to us at [email protected] or call us at 01252 852145.