3rd February 2020

TENANTS AT THE BASE PAINT BRIGHT FUTURE FOR WARRINGTON ECONOMY

mike from ixis and james from pixel tree

Tenants at The Base, Warrington’s hi-technology hub on Dallam Lane, reported another strong year of trading – with expectations high for 2020.

The building’s annual tenant survey, completed at the end of each calendar year, paints a positive picture and ‘points to a bright future for the Warrington economy,’ says operator Langtree.

Highlights include:

  • A 10% uplift in jobs amongst existing tenants
  • 100% of surveyed tenants expect to grow in 2020, delivering 15% organic jobs growth by numbers employed
  • Half of all tenants developing new products
  • Half of all tenants exporting products and services, up from a third the year before

“The survey paints a very positive picture,” says Sylvie Morton of property company Langtree, which manages the 50,000 sq ft Grade A building on behalf of Warrington & Co.

“What’s particularly interesting is the scale of collaboration among tenants and the level of exporting.”

There were a total of 14 different collaborative engagements between companies, including working together to develop new technologies and joint-working to win new clients.

“Not everything is uniform, of course,” explains Mrs Morton. “New product development, whilst impressive, dropped slightly from the previous year, which probably reflects the fact that companies were bedding in the previous year’s innovations.

“What we can see is that The Base is fulfilling its promise of being a place where Warrington SMEs can innovate and grow.  Three quarters of our occupiers grew last year, up from 41 per cent the previous year.”

The hub now has 22 occupiers employing 245 staff, with a number of new tenant lettings under negotiation.

Commenting on the findings Stephen Fitzsimons, responsible for business growth and investment at Warrington’s private sector-led economic development arm, Warrington & Co, said:

“Warrington continues to be a in a strong position and is cementing its reputation as a home of thriving start-ups and SMEs.

“The Base was established to help us future-proof Warrington’s economy, support local businesses and create jobs. These growth figures, alongside the impressive export levels, tell us we’re heading firmly in the right direction.