There are many compelling reasons for doing business in Thanet, once famous for its role as a playground of the aristocracy. Today, Thanet is visited by a much wider variety of guests, and tourism in the region is becoming ever more popular. That means there are plenty of business opportunities for the ambitious and a number of compelling reasons to invest in property in the area. Here are just a few of the top reasons to do business in Thanet.
Thanet is topping polls as a holiday destination, and it certainly shows. With 3.36 million visitors and £286 million in revenue as a result, it’s clear that Thanet’s popularity with holiday goers is profitable. Additionally, the tourism sector alone supports nearly 6,000 jobs.
Making your money go further
Despite its tourism potential, Thanet’s property values—particularly for office rentals—are incredibly affordable compared to both London and the southeast. Office rents are 80% lower than those in the capital, and less than half the cost of rentals in the rest of the southeast. It’s a great place to relocate in order to cut costs, or for new businesses to get a foothold without breaking the budget.
Not only are property values lower, but there’s a stunning variety of different and interesting architecture in Thanet. Looking for a creative workspace, an intriguing customer-facing facility, or a period building for a boutique? Thanet has what you’re looking for
Natural resources and quality of life
One of the reasons for the tourism boom is the great natural beauty and natural assets the region boasts. Beautiful coast lines and golden sand beaches provide plenty of opportunities for relaxation. If you’re more interested in exploring the ecology of the region, the marine life, rare plants and insects, and wide variety of bird life on the Ramsgate and Margate coasts will appeal to you.
Going on holiday is good for your mental well-being—living in a holiday destination can reduce stress and improve your health, which is also good for business. Add in great schools, easy travel connections, and cultural assets, and it’s almost too good to be true.
Commitment to growth
Thanet is embracing its popularity with holiday goers and entrepreneurs alike, and there’s a strong drive within the council to support investment and new business ventures. There are also opportunities for funding to open a business in (or relocate one to) Thanet. This has fostered an entrepreneurial culture that breeds energy, innovation, and excitement. Thanet is one of the best places to do business in the UK right now.