How you can find premises and what you should consider when looking for business premises in the East Riding
For many businesses, purchasing or signing a lease is one of the biggest commitments they are likely to make. A careful and objective approach will increase the likelihood of finding a suitable home for your business. The cost implications should be carefully considered.
Properties which initially look within budget can look very different once the combined cost of business rates, insurance, maintenance and utility costs are added. Being aware of all the costs associated with taking on premises is paramount.
The type and location of your premises should also be considered:
There are three main issues to consider:
Consider your customers, competitors and suppliers. If your customers are based in a defined geographical area, it makes sense to locate your business where they can easily find and visit you. This is essential for retail businesses. Decide if it is most suitable for your business to be close to competitors or have exclusivity in an area. Consider if it is important to you to be close to specialist suppliers. You should also:
Guided by your business requirements, you need to decide how much space you need, what access or on-site services are required, and also the security, comfort and appearance of your premises.
Some premises can only be used for certain types of business activity. These activities are grouped into categories and permission is only given for certain categories to operate on each premises. You can find further information about these categories on the planning portal website:
Planning portal - Change of use (external website)
If your business makes noise, creates or processes waste, or handles food, you might need a licence, and there are often additional regulations you need to adhere to. In addition some businesses may need a licence to operate.
A licence gives you maximum flexibility, but minimum security. You, or your licensor, can usually terminate the arrangement at short notice.
A lease gives you less flexibility, but more security. You agree to occupy the premises for a fixed number of years.
You can buy the premises outright and acquire the freehold . Established businesses with spare cash might buy their premises as an investment.
Once you have answered all of the above and have established how much your business can afford to spend — your search can begin.
Something you may want to consider as a means of keeping costs down when you start your business is whether you could run your business from home.
Typical home-based business could include freelance and consultancy services, arts and crafts, home baking, hair and beauty and pet car, generally those that have been developed from hobbies.
Things to consider include:
We can offer advice and support to help you find new premises for your business within the East Riding of Yorkshire.
Find out more about business sites and premises that are available in the East Riding.
If you would like to discuss your requirements with someone you can contact the inward investment team:
Yes. There are conference facilities available for hire in the East Riding's Business Centres. Find out about availability, cost and how to book these facilities from the individual business centres themselves:
Other council venues available for business hire include: