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'Virtual Tenancies' give boost to new businesses

A successful scheme aimed at helping new businesses is to be relaunched by the Science Park at the University of Warwick later this month.

The Virtual Tenancies service offers small companies the opportunity to benefit from the prestigious addresses at the Science Park and to make use of its support services.

The scheme will be available at the Science Park's centres in Coventry, Warwick and Blythe Valley, Solihull.

Angela Childs, of the University of Warwick Science Park, said: “For those businesses that are at the very beginning, virtual tenancies are ideal.

“If someone has an idea for a company and is just getting started, this allows them to work from home or on the road but know that they have an established base.

“We can take their calls, have post delivered and host meetings with potential clients or investors. It all helps to give a more professional feel to fledgling companies.

“The idea is that they then either take space here or find offices of their own as they look to expand and grow further.”

Services within the scheme include a mailbox, voicemail and reception answering, as well as support in financing and marketing.

Participation couldn’t be easier with a simple virtual tenancy agreement to sign and a setup fee followed by monthly payments by direct debit.

Such schemes have proved to be a springboard to success for over 70 companies in the past 25 years, with previous virtual tenants now employing people across the region.

For further information, call Angela Childs on 024 7632 3003 or email: