Franchise opportunities in... Wolverhampton

Why choose Wolverhampton as a place to run your franchise?

Wolverhampton is in the East Midlands and is one the most populous cities in the UK with an estimated population of 280,000. It is renowned for its major role within the coal mining, steel production, lock making and the manufacture of cars and motorcycles. The economy still revolves around engineering, the service sector and aerospace.

Located in the East Midlands, Wolverhampton is a great destination for those looking to set up a franchise there due to the ever-present population and the massive neighbouring cities, Birmingham (1,500,000) and Stoke-on-Trent (250,000). With connections via its train station and motorway network, Wolverhampton is a very accessible location. These reasons help improve the desirability of the area for a variety of franchise models.

Are there suitable areas for me to start-up a Franchise?

Wolverhampton has got some great locations for you to get your business started, whether you are looking for an office HQ or a busy high street we have listed a few below to help give you a better idea:

• Wolverhampton Business Park - This business park is a 30-acre office development site that is perfect for a Head Office because of its modern, spacious offices. With plenty of on-site amenities such as a gym, restaurant, hotel, conference rooms, meeting and training rooms, this space gives those who desire it a great foundation to build from. It is also a recognised ‘Enterprise Zone’ which grants its occupiers with guaranteed business rates for those extra discounts. Situated adjacent to junction 2 of the M54 gives you instant access to the national motorway network
• IMEX Business Park -Slightly smaller than the above mentioned, this park is a more industrial zone and is located south of Wolverhampton. With well over 50 companies already set up there, it offers a more affordable and basic set up however still does what is needed
• Wolverhampton and surrounding areas - The actual city itself is a great selling point for setting up base, with its large population size and big city neighbours you are certainly going to get a large client base at your doorstep. This provides you with lots of options and opportunities when considering your franchise of choice because no matter what you will always be busy!

What kind of support will I receive in Wolverhampton?

Considering COVID-19 and recent restrictions, there have been a few new grants and schemes introduced to help relieve financial issues and pressures. These are a ‘Local Restriction Support Grant’ and ‘Additional Restriction Grant’ which aim to provide support funds for those businesses which have been impacted by forced closures.

Black Country Business Growth Hub – This is a collective between four councils which aim to help SMEs in the key sectors such as manufacturing, it helps by doing the following: accessing loans through funding and grants, find links to new supply chains, access to bespoke business programmes. They also have a dedicated team in order to help new start-ups and micro-enterprises.

There are some local organisations that can also help with any finance issues such as; Access to Business, Black Country Chamber of Commerce, Finditinwolverhampton.

These all provide information and support as well as the support you will receive from you franchisor when beginning your franchise journey.