A new centre providing workspace, training and advice all under one roof to new and existing businesses is now available for the first time in Mitcham.
Called The Generator Business Centre, the 1,387 m2 development is designed to help establish new businesses in Mitcham. The centre has already attracted enquiries from 50 businesses across south London. Forty percent of these are start-ups and include a property maintenance company, a wine importer, an employment agency, a website designer, a jewellery maker, a bespoke furniture manufacturer, a music studio and a publisher. As an extra incentive for start-ups, the centre is offering them a 25% discount on the first year’s rent.
The centre provides flexible and affordable managed office space, light industrial units and on site business support as well as competitive rates for internet connection, video conferencing and portable telephone numbers. Entrepreneurs can also take advantage of the centre’s ‘WorksSpace’ scheme which allows individuals to rent just desk space.
Technically known as a business incubator, The Generator Business Centre has been set up to relieve entrepreneurs of the day-to-day management of their premises, allowing them to focus entirely on developing and delivering their products and services.
Companies can lease one or more units for a maximum of three years, giving them time to grow and strengthen their business. After three years, the fledgling businesses will be expected to move on to other premises and stand independent of The Generator Business Centre. However, the businesses that move on will be encouraged to remain in touch with the centre and serve as mentors to other start-ups. It is also hoped they will remain in the local vicinity.
Merton Council Cabinet Member for Housing and Regeneration, Councillor Diane Neil Mills said: “New businesses are the economic lifeblood of a community. We value the role they play in building a town’s prosperity. Through The Generator Business Centre we want to offer a helping hand to local entrepreneurs. Many new enterprises fail in the early days. Our aim is to give them a head start with their business development so that they will be able to move on after three years to become fully fledged, successful companies standing on their own two feet.
‘Exciting times are ahead for Mitcham. The new Mitcham Eastfields station which will be opening soon will make the town even easier to get to from central London and all the business opportunities that brings.”
Entrepreneurs interested in finding out more can contact