Newport has been stated the best place in Wales and the second best place in the UK for entrepreneurs to start a new business. With fantastic transport links and access to a significant amount of economically active people, Newport is the perfect location to set up base and grow your business. And what better place to do so than the new Newport Market, home to Tramshed Tech.
Located in Newport’s new in-door market, Tramshed Tech has coworking, office space, meeting rooms and event space tailored to support businesses as they evolve and grow. With a food court, retail unit, bar and Newport train station less than a 5-minute walk away, you have everything you need to strike a work-life balance with convenience front and centre.
But what’s so exciting about the location? Well, Newport, Gwent is the gateway to Wales and is in fact the best place in Wales and second best in the UK for entrepreneurs looking to start a new business. This is due to a number of reasons which we’ve compiled below.
The new Newport Market is a prime location for your business because:
- It’s in a fantastic location
- Low office space rates
- Newport is home to a rich history of trade and entrepreneurialism
- Newport is becoming a Super Connected City
- You will have access to nearly half a million economically active people
- Newport’s £2 billion regeneration programme offers significant business opportunities
- Tramshed Tech offers business support to help you grow
- It allows you to give yourself the work lifestyle you deserve
1. It’s In A Fantastic Location
First and foremost, Newport, Gwent is in a fantastic location for any growing business.
Excellent road, rail, air and sea links make Newport an ideal business and investment location for markets in the UK and overseas.
These links mean you’ll have easy access to major cities, with London just 90 minutes away by train, Bristol only 30 minutes away and Cardiff under 15 minutes! There is also excellent connectivity to the rest of South Wales.
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Excellent road, rail, air and sea links make Newport an ideal business and investment location for markets in the UK and overseas.
2. Lower Office Space Rates
Another benefit of working in Newport is that office space and salary costs are 40% lower than in London. For small businesses, the fewer overheads, the better, which is why it’s important to consider the rent, salaries and other business expenses when looking at different locations.
Our Early Bird Coworking Offer at Newport Market means that you can sign up to a 6 month coworking membership and get 50% off full time and 25% off part time for the first 3 months. Who doesn't love a deal?
3. Newport Is Home To A Rich History Of Trade & Entrepreneurialism
Newport, Gwent is home to a rich history of trade and entrepreneurialism and for the past 150 years, Newport Market has been home to many much-loved businesses, from market gardeners to farmers and butchers, and remains an iconic landmark in the city.
This could be your new home as an entrepreneur!
For small businesses, the fewer overheads, the better, which is why it’s important to consider the rent, salaries and other business expenses when looking at different locations.
4. Newport Is Becoming A Super Connected City
Newport, Gwent is also becoming a super connected city through a multi-million pound investment in broadband and digital connections.
Whatever size your business, Newport’s superfast broadband project will allow you to improve all aspects of business operations, for example operating more efficiently, communicating better with your customers and transferring data more quickly.
Free Wi-Fi is also now available in the city centre on a network called Newport City Connect.
5. You Will Have Access To Nearly Half A Million Economically Active People
Newport’s unique position at the gateway to Wales gives employers easy access to a large pool of potential staff. In fact, nearly half a million economically active people live within a 30 minutes drive of the city, including Cardiff and areas of Bristol, and over 1.6 million people live within an hour's drive.
Also, the annual output of first-degree graduates from universities within 30 miles of Newport is over 17,000, so you shouldn’t struggle to find the best possible candidates for your growing business. In fact, businesses have stated the quality and availability of the workforce are key factors in their decision to locate in Newport.
6. Newport’s £2 Billion Regeneration Programme Offers Significant Business Opportunities
Another reason why the new Newport Market is the perfect location for your business is that Newport has one of the most significant regeneration programmes in the UK, offering incredible business opportunities and delivering huge transformation.
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The annual output of first-degree graduates from universities within 30 miles of Newport is over 17,000, so you shouldn’t struggle to find the best possible candidates for your growing business.
7. Tramshed Tech Offers Business Support To Help You Grow
As well as the fantastic location, joining Tramshed Tech will open you up to a world of support, whatever the size of your business. If you’re a startup and at the early stages of developing your idea, our close work with universities and colleges can help you to establish a platform for growth.
You may be on track to scale up and need an added layer of support, to take your business to the next level. Or if your business is ready for take-off, our support doesn’t stop there, we can introduce you to investors and funding partners that are willing to invest in you.
A lot of the projects we run like our Startup Academy, can stem from someone talking about a business idea they have, to actually taking it forward. We’ve got all the tools and resources you’ll ever need, where we can be your mentor, mascot and cheerleader all at the same time.
8. It Allows You To Give Yourself The Work Lifestyle You Deserve
Last but not least, joining Tramshed Tech at the new Newport Market will allow you to give yourself the work lifestyle you deserve.
Whether you need office space, meeting rooms, event space or a simply co-working space for you and your team, Tramshed Tech has it all. Not to mention a food court, retail unit and bar on the ground floor! Why not book a space today?
We are Tramshed Tech: a startup ecosystem home to 50+ companies ranging from pre-revenue start-ups to scaling businesses with 600+ registered members from the digital, creative and tech communities. We’re currently based in Grangetown, Cardiff Central & Newport, soon to expand to other sites across South Wales to Barry and Swansea.
If you’re interested in joining us at any of our locations, please don’t hesitate to get in touch.
