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A Guide to Business Support and Advice for Businesses in Sutton

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A Guide to Business Support and Advice for Businesses in Sutton ACHIEVING BUSINESS SUCCESS IN SUTTON A guide to business support and advice for businesses in Sutton Foreword SUTTON FOR BUSINESS CONTENTS Welcome to our guide to achieving business success A great place for your business 4–7 in the London Borough of Sutton. Whether you are a new start-up, or an existing business What business support and advice is available to help me? 8–11 relocating to the area, you are very welcome in Sutton. We value our local businesses and the contribution you make to a vibrant local economy, and we are keen to ensure you Where can I apply for funding to start or grow my business? 12–13 have access to all the support and information you need. Sutton Council has been working very hard through its How can I find a great place for my business? 14–17 economic development programme, Opportunity Sutton, to ensure that the borough offers a business-friendly environment and presents a number of opportunities for Where can I find the best staff for my business? 18–19 COUNCILLOR businesses to succeed and grow. JAYNE MCCOY We have a wide and varied range of businesses in the Where can I meet likeminded business people? 20–21 borough ranging from artisan bakers to the headquarters Chair of Housing, Economy of a global undersea engineering company, and we have and Business Committee How can I find out about Sutton Council services? 22–23 been pleased to see the number of new business start-ups London Borough of Sutton almost double since 2009. Business ePack This pack aims to provide you with easy access to the How can I apply for council contracts? 24–25 information you need to establish and grow your business in Sutton. Inspirational stories 26–29 We wish you every success with your venture. Opportunity Sutton 30–31 Opportunity Sutton 2 3 Graph 2: Number of employees in Sutton by sector Source: NOMIS Energy and Water 300 Business Demographic Business A GREAT PLACE Manufacturing Other Services 1,800 2,700 FOR YOUR BUSINESS Construction 4,200 SMEs are the backbone of the economy and comprise Sutton’s business base has expanded by almost 1,600 Public Administration, 99.7% of all businesses in Sutton . Over 7,400 businesses since 2010, and Sutton’s accessible location, Wholesale Education and Health businesses currently operate in Sutton and employ as a result of its excellent national and international and Retail 20,400 approximately 69,000 people across a variety of transport links, has also made it a desirable location for 10,300 economic sectors - public, finance and business services many national and international firms, including offshore being the most popular. engineering firm Subsea 7 which has chosen Sutton for its international headquarters. Graph 1: TOTAL NUMBER OF Number of business in Sutton by size Source: London Datastore Transport 6,810 EMPLOYEES Storage 25 3,500 6,160 5,680 5,755 68,900 Accommodation 90 Micro and Food Services 5,240 5,265 85 85 (0-9 employees) 3,000 Small 490 500 Business ePack 485 (10-49 employees) 480 470 Information and 45575 75 Medium Communication (50-249 employees) 70 4,200 Financial and Other Large Business Services (250 or more employees) 15 15 15 15 15 18,500 Opportunity Sutton 2010 2011 2012 2013 2014 2015 5,805 5,805 6,245 6,350 6,745 7,415 4 5 START UPS SURVIVE IN SUTTON Outer London 28,840 RATEABLE VALUES 1 Year Survival 2 Year Survival Home to thousands of growing and prosperous small businesses, In addition to being a desirable place to work and trade, Sutton offers Sutton has one of the highest survival rates in outer London. comparable rateable values to neighbouring boroughs. The London Borough of Sutton is proud of its growing economy and is keen to encourage entrepreneurialism by supporting the establishment 94% 75% 27,050 21,615 of new businesses and helping existing businesses develop and grow. Sutton’s Business Demographic Sutton’s Graph 4: Average south London rateable values (£/m2) Other 127 Source: London Datastore Industrial Graph 3: Sutton 860 Bromley 1,580 110 128 Outer south London 1 Year Survival 2 Year Survival 1 Year Survival 2 Year Survival 67 Offices business survival rates 98 78 65 Retail 100 81 Source: London Datastore 92 95% 79% 93% 77% 67 183 56 58 141 156 815 680 1,470 1,210 64 125 104 87 117 236 Croydon 1,755 Kingston 985 215 204 170 149 161 147 1 Year Survival 2 Year Survival 1 Year Survival 2 Year Survival Outer Sutton Bromley Croydon Kingston Merton Richmond 94% 75% 93% 79% London 1,645 1,315 920 780 SUTTON TOWN CENTRE FOOTFALL Merton 1,505 Richmond 1,500 Sutton Town Centre is one of only four prominent retail destinations in South Business ePack London, and sustains footfall of approximately 475,000 per week. In Sutton 1 Year Survival 2 Year Survival 1 Year Survival 2 Year Survival Town Centre’s Business Improvement District’s first year, Successful Sutton increased footfall by three per cent and has attracted thousands of visitors 95% 77% 95% 78% at events in Sutton Town Centre. For example, 4,000 people attended the 1,425 1,160 1,420 1,175 Christmas Lights Switch On event in 2015 and there were almost 88,000 visitors in Sutton Town Centre on the day of the event. Opportunity Sutton Source: Successful Sutton 6 7 LOCAL BUSINESS Successful Mums Pop Up Sutton - Support for women with part-time The Entrepreneurs Space SUPPORT PROGRAMMES and flexible work or to start a business A new programme that offers through workshops and one-to-one business support to start-ups and mentoring. new entrepreneurs including tailored Successful Sutton Business Business Support and Advice www.successfulmums.co.uk workshops, one-to-one advice sessions Training Programme [email protected] and networking. Entrepreneurs will also Sutton Town Centre’s Business be given market space at the northern Improvement District, Successful end of Sutton High Street to test out Sutton, offers year-round training Federation of Small Businesses their business ideas. WHAT BUSINESS programmes and workshops for local The Federation of Small Businesses www.successfulsutton.co.uk/ businesses, including non-levy payers. North Surrey Branch runs occasional popupsutton Topics covered include starting a seminars and offers financial benefits [email protected] business, marketing, legal compliance to its members. and finance. www.fsb.org.uk SUPPORT AND www.successfulsutton.co.uk 01403 734257 [email protected] 020 3282 7198 Sutton Community Farm Farm Start is Sutton Community Sutton Chamber of Commerce Farm’s Food Growing Business ADVICE IS AVAILABLE Sutton Chamber of Commerce Incubator that seeks to support provides support and guidance to entrants into farming. all local businesses, whether new or www.suttoncommunityfarm.org.uk established. The Chamber offers hour- [email protected] long specialist business advice clinics 07722 156 097 TO HELP ME? as well as access to finance support. 40a Telegraph Track, www.suttonchamber.co.uk Wallington, SM6 0SH If you're looking for support and advice to start up or grow your business [email protected] 020 8770 3173 there are lots of organisations that can help you both locally and nationally. Business ePack Many offer free advice services online or over the phone and run workshops, Sutton College Sutton College's ‘Learn to Earn’ scheme seminars and networking opportunities. offers the chance for start-ups to showcase and sell their work and skills. www.scola.ac.uk/news-post/ learn-earn Opportunity Sutton 020 8770 5566 8 9 NATIONAL BUSINESS SUPPORT INITIATIVES LEGAL ADVICE Business ePack The Department for Business, Business Mentors UK Trade and Investment Business Companion Carpenter & Co Solicitors Innovation and Skills This site offers businesses access Expert international trade advice Free and impartial legal guidance for Local solicitors who provide This government department invests to a list of quality-assured business and practical support for UK-based businesses, including‘Quick Guides’ 15-minute legal advice sessions at in skills and education to promote mentoring organisations across companies who want to grow their on the legal requirements for what, Wallington Library on Thursdays trade, boost innovation and help Britain. A search engine allows business overseas. where and how you sell. from 12.30pm to 1.15pm. people to start and grow a business. businesses to refine their searches www.gov.uk/government/ www.businesscompanion.info Book a session: They seek to support British according to the life stage of their organisations/uk-trade- [email protected] businesses to increase productivity business and location. investment 020 8770 4900 and compete anywhere in the world. www.mentorsme.co.uk www.gov.uk/browse/business Innovate UK New Enterprise Allowance Helps businesses develop new London Enterprise Panel Scheme (NEA) products and services and access The LEP provides a Business Growth The NEA helps unemployed people technology. Hub along with online and phone to start their own business with www.innovateuk.org support to provide help with starting both financial and business and running a business. mentoring support. http://lep.london/growthhub/ www.gov.uk/ business-support new-enterprise-allowance enquiries@ businesssupporthelpline.org 0300 456 3565 Business ePack Opportunity Sutton 10 11 Funding FUNDING Enterprise Capital Fund GLE One London Through this fund, the Government Business Loans provides equity (where people or GLE One London has teamed up with WHERE CAN I APPLY Start-Up Loans businesses provide money in return Lloyds Bank and the EIF to lend £5m A government funded scheme to for shares in the business) to small to London SMEs through the London provide advice, loans and mentoring and medium-sized businesses and is Local Fund, providing another way to to start-up businesses.
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