Lace Market to be hub for start-ups - Taylor21 May 2012
Nottingham's Lace Market could be the centre of a new wave of business start-ups, according to a local business leader.
Chris Taylor, managing director of accountancy firm Smith Cooper, told Insider he expects "the next Boots or Experian" to be set up in the area over the next two years.
Taylor, whose company moved to new offices in the Lace Market 18 months ago, said he is more confident about the success of new start-ups now than he has been since the 2008 recession began.
"The government is now supportive of start-ups than they have been for a long time, and providers of capital are now beginning to write cheques," he explained.
According to Taylor, business confidence is rising: "People are becoming more and more confident as time goes on. Trading conditions are definitely better than they were a year ago."
Now is a "good time to start a business", Taylor said, and he was pleased to be in Nottingham city centre.
"I think the Lace Market will be populated by a whole new raft of start-up businesses within the next 12-24 months. I firmly believe that the next Experian or Boots will be set up in these streets in the next year."
Smith Cooper moved its Nottingham office to Lace Market Square last summer. The team of 40 moved into a 5,900 sq ft unit in the Â£10m mixed-use scheme.
The Lace Market Square scheme was created by Bildurn Properties in response to Nottingham City Council's request for a centre piece to the neighbouring conservation area.
As well as 46 apartments, Lace Market Square houses a glazed Pavilion providing 3,154 sq ft of grade-A office space.
Taylor added: "Lace Market Square is perfect for us, in the heart of the city it is ideally located for both business and private clients, many of whom are already based in this area. The flexibility of the space and the great public transport links make it very attractive for our team."