Lincoln Office Space to Push Ahead Despite Fall in Business Confidence
Despite a perception that business confidence is decreasing in Lincoln according to the CountyΓÇÖs Chamber of Commerce, the development of several dedicated units offering office space is to go ahead at a Business Park located on the outskirts of the city.
Comprising of four separate office units, the development at Lincoln Business Enterprise has been given planning permission and hope to have the office space available for businesses to begin using in late 2011.
The arrival of this dedicated office space will add a new dimension to the facilities offered by the business park, as Director of the Lincoln Enterprise Park Nick Falkinder explained:
“For the first time there are four office units whereas before there had only been office pods within a commercial unit.ΓÇ¥
While the quarterly economic survey carried out by Lincolnshire Chamber of Commerce has revealed decreasing levels of business confidence in the region, Mr Falkinder believes that the success achieved with earlier phases of the business park points toward the need for the addition of these self-contained office units:
“The business park is in a perfect location for new and established businesses and we’ve been tremendously encouraged by its success so far.ΓÇ¥ continued Falkinder.
“All of the units in phases one, two and three have been sold or occupied and we’re sure that the demand is there for phase four.ΓÇ¥
“By investing in the city in this way, we’re making a clear statement of confidence in Lincoln’s economy and we’re sure that there’ll be plenty of interest.”
Responding to the announcement, Hannah Young of Lincolnshire Chamber of Commerce was quoted in the Lincolnshire Echo as saying:
“Although our members have told us through our quarterly economic survey business confidence is perceived to be decreasing, it is very encouraging that businesses are buying office space in Lincoln.
“We are seeing evidence our local economy does continue to grow, albeit slowly, and a high quality development such as this can only bring more businesses into our city, boosting economic development further.”
The arrival of the office space was also welcomed by the Federation of Small Businesses regional director Michael Self who stated:
“It’s good that what is already a successful little park is going to get larger and offer more space for businesses to developΓÇ¥
While expectations for this office space may be positive, its arrival follows a period in which the number of enquiries received for serviced office space within Lincolnshire, traditionally a breeding ground for SMEΓÇÖs and the satellite offices of larger corporations, has decreased, falling by 17% between Jan-Oct 2010 compared to the same 10 month period in 2009 according to the UKΓÇÖs largest independent broker of serviced office space, officebroker.com.