Self Storage In Wolverhampton is a Good Incubator for Business Growth

This morning the Deputy Prime Minister, Nick Clegg announced a Government initiative to help bring the young unemployed into work.  This is in response to the economic down-turn currently being experienced in the UK, and the fact that youth unemployment has now past the one million mark.  As demonstrated in the table below, youth unemployment levels in September 2011 hit 1.02 million: the highest it’s been since 1993.



The 1 billion pound “Youth Contract Scheme” is targeted specifically at 18 to 24 year olds by means of providing subsidies to employers who take on individuals from this age bracket.  Over the next 3 years, it is hoped 160,000 young people will become employ for at least 6 months, with employers receiving up-to £2,275 worth of subsidies as a result.

In addition, proposals have also been announced to offer up to 250,000 18 to 24 year olds work experience placements for an 8 week period. There are also plans to provide £50 million for disadvantaged teenagers who are either not at school or in a work placement.  Resources are being increased at job centres to specifically help young people with career advice.  Additional incentives for firms in England to provide 20,000 apprenticeships for 16 to 24 year olds have also been proposed.



However, the UK Government also recognises that in order for these proposals to work, there had to be an uptake from employers in the private sector.  The Government are understandably keen to distance themselves from the previous administration’s plans to employ the young for a temporary period in the public sector. Private employers believe this scheme helps bring the youth into the job market with a significant reduction in risk: they can bring on new, young staff and see how they perform before offering them more permanent positions.

As well as providing hope to many currently disillusioned young people, many small to medium sized businesses are looking to take advantage of this new scheme.  Private employers are currently between a rock and a hard place when it comes to employing more staff to cope with demand to help grow their business but cannot afford to do so.  With subsidies being available, more businesses will be able to grow their operations with reduced levels of risk: ultimately adding growth to the UK’s economy as a whole.

Self Storage as a Remedy

With the businesses growing, proprietors have to reconsider the premises they operate from.  More often than not, many small businesses are run from home which can cause stress on every aspect of life: the distinction between home and work life is almost eradicated completely.

Despite the current economic climate, an example of how previously unknown solutions for the location of business operations can be found in Wolverhampton:

Julia Linch, Wolverhampton, owns and operates a mobile pet care business and has a van to provide grooming services for cats and dogs.  Recently, she employed a member of staff to help with the day-today running of the business but found as the volume of business increased, the amount of space at home reduced.  After investigating her options, she found a self storage centre where she could rent space to use as her business base.  Not only was this close to her home in Wolverhampton, it also provided easy access to her customer base throughout the West Midlands

With the Youth Contract Scheme coming into play, businesses in the private sector need to consider the day-to-day operational implications of an increased workforce and customer base.  Self storage is the ideal remedy to effectively aid the growth process for small to medium sized businesses.

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