Sunshine and Showers

Sunshine and Showers

max temp: 16°C

min temp: 8°C

Norfolk Business Awards 2018

‘Vibrant’ Ipswich is mecca for small businesses on tight budgets, says expert

PUBLISHED: 15:24 07 August 2018 | UPDATED: 15:24 07 August 2018

Peter Tuvey of Fleximize Picture: FLEXIMIZE

Peter Tuvey of Fleximize Picture: FLEXIMIZE


Industry is turning away from major economic hubs and towards towns such as Ipswich, where they can find lower overheads and “enormous” potential for growth, an alternative finance provider says.

Peter Tuvey of Fleximize Picture: FLEXIMIZEPeter Tuvey of Fleximize Picture: FLEXIMIZE

Peter Tuvey, co-founder and managing partner at Fleximize, which is based on the town’s waterfront, said it was a common misconception among small and medium-sized enterprises that it wasn’t possible to succeed outside of cities such as London and Manchester.

Mr Tuvey, whose firm has lent more than £65m to businesses since it was launched in 2014, said with overheads booming, industry was increasingly emigrating away from the larger economic hubs in search of cheaper operational costs.

Ipswich was increasingly becoming an attractive option for entrepreneurs and small business owners due to its “enormous” potential for growth, he said.

According to a recent UK Powerhouse study, Ipswich ranks in fifth place nationally in terms of year-on-year growth of the value of goods and services produced.

Peter Tuvey, co-founder and managing partner of Fleximize Picture: FLEXIMIZEPeter Tuvey, co-founder and managing partner of Fleximize Picture: FLEXIMIZE

Mr Tuvey’s firm has ougrown two offices and exceeded its lending forecasts year-on-year, he said.

“Ipswich is a city that is a real champion for the Great British entrepreneur and is a town dedicated to sustaining local business growth,” he said.

Affordable overheads in the town included high end office spaces for as little as £110 per person per month, he pointed out, compared to about double that figure in London, meaning it worked well for businesses on tight budgets.

“The 2007 opening of the University of Suffolk in the centre of Ipswich caused an influx of young talent, keen to learn and hungry to innovate. As a result, growing start-ups in the area have access to an accessible and affordable talent pool of intelligent and forward-thinking graduates.”

The town was on the main line to London with three trains an hour and firms receive “a great deal” of support in Ipswich and surrounding areas, he added.

“MENTA, Suffolk Chamber and ISSBA, amongst others, provide a strong support and development network available to growing businesses in the area,” he said, adding that the town was a “vibrant” place to set up business, close to famous beauty spots.

Search hundreds of local jobs at Jobs24

In Victorian times Dr Alfred Swaine Taylor was a pioneer; a toxicologist and medical writer, and an expert witness in high profile murder cases.

After appearing on This Morning earlier this week, presenters Phillip Schofield and Holly Willoughby revealed the exciting news that Mrs Hinch has been signed up to be a regular on their show to share her cleaning hacks.

Customers and colleagues at Notcutts Garden Centres have raised £10,857 towards Macmillan Cancer Support – accumulated over the past two years with various fundraising initiatives at Notcutts’ 18 garden centres nationwide.

A group of Dutch buyers is set to get a VIP welcome at an East Anglian food and drink showcase as the region strives to encourage more trade with the Netherlands.

Hundreds of shoppers queued up as Tesco’s first new Jack’s discount stores opened for business.

Management Jobs

Show Job Lists

Most read

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

MyDate24 MyPhotos24