Shopstart

Impact data and claims within this report are provided by the project creator and have not been independently verified by Spacehive.

Shopstart

Shopstart

Basingstoke College of Technology By Basingstoke College of Technology

ShopStart - launching the next generation of entrepreneurs

Basingstoke Idea stage

This project is preparing for fundraising. Click Like to show your support, or Follow for updates on this project's journey.

BCoT is working in partnership with Basingstoke & Deane Borough Council and Fujitsu to create a location in Basinsgtoke town centre for entrepreneurs to launch their new business ideas. BCoT students will work with the businesses and develop their own enterprise experience and skills.

The project will rennovate an empty retail unit into a multi-purpose facility that will provide:
• Entrepreneurial and retail education and training of BCoT students,
• Space for short-term trials of retail ideas – “pop-up” space
• A showcase for retail products not generally available in the town centre
• A stepping stone for new town centre business start-ups

The project will have a sustainable philosophy and approach – local jobs, local sourcing, and low environmental impact.

What we'll deliver:

  • Refurbish a vacant retail outlet in the Top of Town area - 4 Church Street, Basingstoke
  • Provide entrepreneurial and retail education and training to BCoT students
  • Create pop-up space for businesses to take on short-term contracts
  • Enable BCoT students to run real enterprise projects
  • Sell products not currently available in Basingstoke town centre
  • Give micro businesses a low cost, subsidised, start-up opportunity

Why it's a great idea:

At a time of increasing youth unemployment and with with the last few years being very tough for small businesses in Top of the Town, this project will breathe new life into vacant premises in Church Street.

It will give our young people the chance to discover if they are budding entrepreneurs, identify talented young people with a flair for business, and give students a real taste of enterprise. By enhancing their commercial skills, students will become more employable and better prepared to start their own businesses.

Our economy needs the next generation of entrepreneurs to come forward, start businesses and create employment opportunities. New businesses benefit from support and help to get started – here they can set-up with minimal financial outlay and overhead costs.

Shopstart will bring renewed interest and increased footfall to an important retail area. A vibrant, mixed economy, town centre is a vital element for the continued economic prosperity of our Borough.

Steps to get it done:

  • BCoT will take an initial two-year lease on 4 Church Street
  • Basingstoke & Deane Borough Council has approved a lease, rent and rates subsidy to support the venture
  • Fujitsu have seconded a Business Connector who is supporting the project
  • Networking links will identify organisations that can provide support to the project
  • Priroity will be given to local businesses with an ethos consistent with the project's aims
  • BCoT students will run business ventures as part of their courses
  • Businesses will provide advice and training to help learners develp their enterprise skills and knowledge
  • Low cost, short-term lets will help businesses to launch
  • Premises will be refurbished, with support from project sponsors

Project impact and targets:

•100 BCoT students gaining practical retail, entrepreneurial, project management and leadership experience

•50 BCoT students run their own enterprise projects – make real profits from real business

•Raise the profile and understanding of eco-friendly products, sustainable technologies and personal contribution

•8-12 local businesses engaged with BCoT giving practical help and mentoring and at least two local community groups engaged with BCoT students

•3 new successful businesses launched

•Additional footfall generated in Church Street

Gallery

Location Basingstoke

Basingstoke has 3 other projects and £355,000 in potential grant funding

About the space

A vacant retail unit in Basingstoke's town centre

Council

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How will the money be spent?Total £5,000

Business rates - £5,000 (100%)
Other - £0 (0%)

Costs Breakdown

This shows how money raised for the project will be spent. Before entering fundraising these costs will be confirmed by the project's Delivery Manager and verified by the verifier.

100%
Business rates
£5,000
0%
Other
£0
  • Transaction Fees
    £0
  • Spacehive fees
    £0
  • VAT
    £0

Total £5,000

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