Humber Enterprise Park’s low rental rates fast-tracking tenant growth
The Humber Enterprise Park's entrance mural, created by local company Spray Creative
By Humber Enterprise Park | Posted: 24 May 2017
The Humber Enterprise Park’s low rent and business rates exemption are helping tenants such as specialist engineering company RexRob grow at an accelerated pace.
After joining the site as a start-up in November 2014 with three employees and no equipment, RexRob has been able to invest the money saved on business rates back into the business.
The company now employs 19 people, with Director Jon Rex stating that “We’re now at the point we thought initially we would be at in year five or six, and we’ve done that in just two years.”
Director Mike Robinson says the company ‘literally started from nothing’, but fast-forward to now and the company has both a machine shop and fabrication shop.
They’re not finished there however – the company are in the middle of building a mezzanine level to house an office in order to expand the workshop floor.
The Humber Enterprise Park has proven to be a nurturing environment for RexRob: “James (Appleton-Metcalfe, Managing Director of site developer Citivale) really looked after us when we were starting up on the site. He’s keen for businesses like ours to come on the site – start-ups which are looking to grow and develop.”
The company have recently taken on an apprentice, and are looking to get aircraft accredited which will ‘open a lot of doors’ for them.
At the Humber Enterprise Park’s official re-launch in March with HRH The Duke of York, James Appleton Metcalfe said of his vision for the site: “Since we have purchased the property, we have spent over £6m of our own equity to create a facility that can accommodate entrepreneurial, embryonic and international corporate businesses side by side.”
The site’s financial incentives for tenants are proving to support this vision by helping start-ups like RexRob get set up alongside longer-established companies such as BAE Systems.
For more details on the Humber Enterprise Park, or to view the available office and industrial space, visit http://www.humberenterprisepark.co.uk