More likely to be patent-holders, exporters, and recruiters than national average
Companies at one of Warrington’s premier SME hubs export more, hold more patents and recruit more trainees and apprentices than the national average.
And 94% of the businesses at The Base on Dallam Lane say they intend to recruit more staff this coming year, despite the economic headwinds.
These are just some of the findings of a survey undertaken by property company Langtree, which manages the building on behalf of owners Warrington & Co.
The Annual Occupier Survey
After a two-year suspension due to the pandemic, the annual tenant survey reveals ambitious Base occupiers outperform regional averages.
Moreover, says Jayne Furnival, group property director at Langtree, they co-operate and collaborate with each other ‘to a high degree.’
“We’ve put a huge amount of effort into business support for occupiers, and into curating a culture of collaboration and our findings bear out its impact,” she said.
The study showed that 44% of occupiers have other tenants as customers, whilst 11% utilise neighbours as suppliers. A further 22% collaborate on projects together.
“This level of collaboration holds the key to how Warrington can cement long-term growth,” says Eleanor Blackburn, head of inclusive growth and partnerships at Warrington Council.
“What’s particularly encouraging is the extent of the innovation amongst our clients, whether singularly or via collaboration. 11% have registered patents or some other form of proprietary intellectual property,” Eleanor added.
Firms a Warrington Enterprise Hub
Per the latest CBI data, Warrington Enterprise Hub firms at The Base are 10% more likely to have registered IP than the UK SME average.
The survey revealed Base tenants are 10% more likely to export technology and services overseas compared to the average.
Other data uncovered by the survey found:
- 44% of companies have increased their number of employees in the past 12 months
- 94% say they are looking to recruit in the next 12 months
- 100% of businesses have employees that live in Warrington
- 22% of businesses employ apprentices or trainees
“The purpose of Warrington Enterprise Hub, The Base and the various aspects of support we provide is to provide an environment where SMEs can thrive. These growth figures – and in particular, the emphasis on recruiting and developing our young people – says that Warrington is in good hands,” said Eleanor Blackburn.
“We are not complacent, however, as the survey found that our clients still have challenges and it’s reasonable to assume that these are commonplace across the town. We continue to evolve the service offer at The Base and more widely to help support our private sector.”
Key issues constraining businesses were identified as recruitment (highlighted by 38% of occupiers) and cashflow (22%.
Positive news: 50% of tenants reported sales growth in the twelve months to October 2022, with none reporting a decline.
There are 28 companies registered at The Base, employing more than 250 staff.
*Source: CBI
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The Base: A Grade-A office and co-working space in Warrington, home to leading digital technology and engineering companies.
As a Base member, access free business support: marketing, tax, legal advice, and assistance with innovation, research, and development.
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The Base, Dallam Lane, Warrington WA2 7NG
