Premises requirements | NatWest

Add your signposting title here… Key requirements

Once you've made the decision to acquire a premises of some kind, you need to consider your must haves, such as:

  • Size and layout
  • Accessibility (for staff, customers and suppliers)
  • Parking
  • Capacity to expand
  • Utilities
  • Mobile reception
  • Availability of high-speed internet
  • Location

 

Add your signposting title here… Location, location, location

The location of your premises is incredibly important. If you're looking to open a shop or restaurant, you'll want to be in an area with guaranteed footfall and that isn't close to the competition. If you'll be having regular meetings with clients and suppliers, it's important to be in an area that is easily accessed by road and public transport.

Being in an undesirable area could make it difficult to hire employees - if your business is in London for example, you're far more likely to attract talented people if you're based in Zone 1 rather than Zone 6. On the flip side, the more central your location, the more you'll probably have to pay, but don't be afraid to negotiate on price!

Add your signposting title here… Safety and security

Getting the right insurance for your premises is vital. Small businesses are rarely cash rich when they start out, and having insurance will ensure your comapny can continue operating should the worst happen eg a burglary.

When you take on a premises, you also become responsible for the health and safety of anyone that works or visits the site. Be absolutely certain that all health and safety regulations have been adhered to, and remain constantly vigilant to minimise the risk of accidents.

Insurance options
Add your signposting title here… Working from home?

You may need to make improvements to allow you to work from home, we provide useful things to think about as well as options for funding the changes.

Read about improving your home
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