Bucks Biz offers you much more than all-inclusive quality work spaces. While our affordable prices and accessible locations tick a lot of boxes, our guests really enjoy the sense of community and the opportunities to collaborate and make new business contacts ...

If you want to keep your business options open for a little longer you can reserve your unit for September now with Bucks Biz. We'll hold it for you on deposit, ready for you to move in on 1st September, or sooner if you decide you're ready ...

We understand that it's hard to make decisions when there's so much economic uncertainty around. However, the good news is that, despite Brexit and a pandemic, the British Chambers of Commerce (BCC) say the UK can look forward to economic recovery. However, there could be a few bumps along the road, despite record growth in the country's gross domestic product (GDP).

The BCC's latest economic forecast predicts UK GDP growth for 2021 of 6.8%, which would be the strongest it has been since official records began in 1949. Growth is expected to be strongest during the second and third quarters of 2021 with the UK economy returning to its pre-pandemic level in the first quarter of 2022. Growth for the year is projected at 5.1%.

Consumer spending is expected to be behind the economic upturn in 2021. As coronavirus restrictions ease and the vaccine rollout continues, fortunate consumers will want to spend some of the savings they have built up during lockdown because they couldn't socialise or travel. Realistically, of course, a lot of people will take a long time to recover from the financial impact of the pandemic.

Prospects for investment are strong, thanks to the anticipated boost to the economy when restrictions are reduced and the Chancellor's introduction of the super-deduction incentive. However, this could reduce dramatically in 2023 as the incentive ends and corporation tax increases, so now is a good time to look for financial backing and to invest in your business.

The catering and hospitality sectors are amongst the hardest hit by the pandemic and will take longer to recover. Bucks Biz is happy to offer flexible options to help those affected get back up to speed as quickly as possible.

On a more positive note, it's thought that manufacturing output will return to its pre-pandemic level by the third quarter of 2021. Unemployment is expected to reach 6.0%, which is lower than the figure following the 2008 recession. However, youth unemployment is expected to be more than 15% by the end of 2021, after the furlough scheme expires. If you're looking for your pick of a promising crop of young workers, now is the ideal time to take on new trainees.

The Bounce Back Loan Scheme is now closed, but businesses that accessed these funds before the end of March 2021 have flexible 'Pay as you Grow' repayment options while they get back on their feet.

The options include:

  • extending the length of the loan from six years to 10 years, at the same fixed interest rate of 2.5%
  • making interest-only payments for six months, with the option to use this up to three times throughout the term of the loan
  • requesting one six-month repayment holiday during the term of the loan.

Have you accessed the Bounce Back Loan funding or did your business downsize or close offices and workshops during the pandemic? If you are now ready to head towards the post-coronavirus horizon it's worth considering using your recovery resources to secure the perfect premises before the rush begins.

The number of self-employed people in the UK has been increasing steadily since the turn of the century. At the end of 2019 there were 5 million self-employed people which equates to just over 15% of the working population.

The pandemic has had an impact on self-employed people and employees alike. The number of people working for themselves was down to 4.31 million by February this year, and many of the remaining small business owners have given up their offices to keep costs down in uncertain times. Many employees have also been working from home for more than a year now.

Some major employers have told their staff to work anywhere. In fact, research has shown that many people who were able to work from home during lockdown have been just as productive.

Will current work patterns continue? Well, many people are expecting remote working to remain, even after the anticipated review of social distancing rules on 21 June.

While employees and small business owners won't miss their journeys to work, or the 9 to 5 routine, there are some very practical implications for your home life. As lockdown restrictions are eased and family routines are restored, working on the dining room table or in your bedroom will become more and more inconvenient.

As we look forward, one simple solution to this change is to choose flexible co-work spaces and short-term leases.

They will provide a convenient, professional environment close to home, but not in the home. There will be opportunities to meet and collaborate with others and, with good broadband connections and hybrid telephone systems, the experience for colleagues and customers will be seamless.

April was Stress Awareness month, which highlighted that many adults were finding disconnection from their familiar work environment and lack of contact and control to be significant issues. Setting out for your office regularly, even if it is nearby, will add structure and routine to your life.

As restrictions are eased, you will meet and talk with a wide array of other self-employed people and remote workers - an opportunity to recreate the energy and enthusiasm you might be missing from your previous workplace. You can even decide to socialise with a new group of people or make the short journey home for your lunch or to go to your local gym.

Most importantly, at the end of a busy day, you can close the door and walk away to spend some quality time with your family and friends.

Would you like to know more?