The UK government has launched a new scheme that aims to help entrepreneurs set up and run their businesses from home.
The Home Business Initiative seeks to address three major barriers in the current legislation that surrounds working from home, by cutting business rates for most home-based businesses, scrapping the need for planning permission if using a spare room as an office and helping business owners to run their company from home without breaking their tenancy agreements.
According to the Telegraph, 2.9 million businesses are currently run from homes in the UK and 70% of new businesses begin there – with some, like Innocent Smoothies, Brompton Bicycles and Tangle Teezer, graduated to major success. What’s more, home-based businesses currently generate an estimated £300m for the UK economy every year – and, while they might not hire many people, they reduce the scrum for sought after jobs.
“There is a growing movement that is responding to the new opportunities technology brings and entrepreneurs are actively taking control of their own destiny by starting out from home,” said Emma Jones, founder of Enterprise Nation.
“They are hardworking people who now have the capability to trade globally from their own kitchen table. They are growing through outsourcing work to other home-based individuals and as they do so, they are bringing important employment opportunities to rural as well as urban areas of Britain.”