Start-Up Businesses supported at the Hive

The Hive in Worcester Published Monday, 14th October 2019

The Hive has proudly supported this year’s Start Up Day 2019, helping Worcestershire residents turn their business pipe dreams into a reality.

The Library joined over 40 public libraries across the UK, opening their doors to local entrepreneurs offering support and advice to start-ups and small business owners. Over 40 residents turned out to today’s event at the Hive, with many praising the quality of speakers and the useful information presented.

The annual UK-wide event, led by the British Library’s Business & IP Centre, helps residents to take the first steps towards turning their brilliant idea into a successful enterprise.

It showcases what support is available to them if they were to start-up their business, including; free, walk-in access to both confidential expertise and business databases, talks and networking.

Councillor Ken Pollock, Cabinet Member with Responsibility for Economy and Infrastructure, said: “This event has been a great opportunity to showcase what Worcestershire has to offer to those looking to start a new business, and it would be great to see more home-grown businesses across our county.

“The Hive is a wonderful example of how Worcestershire can lead the way in terms of business and innovation.”

Councillor Lucy Hodgson, Cabinet Member with Responsibility for Communities, added: “I’m really proud that Worcestershire has been chosen to join the national network of Worcestershire’s Business and IP Centres, adding to The Hive's existing business offer. The Hive, since it’s opening in the summer of 2012, has become a real focal point for our county, offering many different services to our residents. I’m really pleased that this accreditation will allow this to expand even further.”

Highlights of the day included the UK’s biggest coffee morning for entrepreneurs, live-screenings of selected events from the British Library’s programme and great talks from our local business owners and experts. 

New figures recently released by the British Library reveal that its national network of library-based Business & IP Centres has helped create an average of 15 new businesses every working day since 2016. 

Most of these were started at home, with 40% of them beginning in a home office and almost a third from the kitchen table.

These new businesses are far exceeding national success rates, with 90% still trading after three years, compared to the UK average of 60%.

Worcestershire’s new Business & IP Centre, currently in pilot, will officially launch in 2020.

Start-Up Day is a partnership between the British Library’s Business & IP Centre and Santander.