BUSINESSES in Bognor Regis look set to flourish as a new work hub gets £50,000 of backing.
The Core Business Hub set to arrive in the town later this year has been made possible by a £50,000 grant.
The hub will provide subsidised facilities to help local people overcome some of the challenges they face in running a small or micro business.
Director of the new social enterprise, Julie Robinson, said: “Shared workspaces and hubs are proving an invaluable resource in other towns and cities, especially those needing regeneration.
“Because there is no up-front capital expenditure or long-term commitment, small businesses can have a professional workbase and support on a part-time or temporary basis, without worrying about high costs and cash-flow issues.
“The grant has enabled us to literally provide some businesses with a much-needed lifeline.”
The grant will subsidise the costs so that businesses can access high-quality space and services at affordable prices, with no long-term commitment.
The hub has been set up as a social enterprise, so any profit will be ploughed back into the centre to benefit small businesses across the area.
Andrew Adams from the University of Chichester, a partner in the project, said, “We have been enormously fortunate to receive a KickStart grant from West Sussex County Council, allowing us to mentor and support the Core Business Hub and also provide free help and advice to new start-ups or developing business in the area.
“Our research into the needs of the town and evidence from other hubs indicate this will be a real advantage to the regeneration of the town.”
The new hub hopes to be able to open its doors in December.
For more information visit www.corebusinesshub.org.uk