Grow your business successfully

Growing businesses often require more space for staff, operations or production. This can easily create a situation where they outgrow their existing premises, and need to either adapt them or move into a larger space.

Find larger business premises

Several options exist to help you meet growing demand. For example, you could:

• rent new property
• buy new property
• extend or alter your existing premises

If you plan to extend, you may need planning permission. Building work can also disrupt your operations.

Renting vs buying business premises

There are pros and cons to both renting and buying business premises:

Buying business premises

Buying gives you long-term stability and control over your property. However, it requires a large upfront investment and ongoing maintenance costs. Read more about buying business property.

Renting business premises

Renting offers more flexibility as your business grows. It usually requires less upfront capital, allowing you to invest in other areas of your business. However, you may need permission to make changes, and you could still be tied to lease terms even if your needs change. See more on renting commercial property.

Consider alternative ways of working

Before moving, consider whether you can reduce space needs by changing how you work. For example, could you outsource certain activities or adopt flexible or remote working? These options may reduce costs and delay the need to move.

Manage the move to new premises

If you decide to relocate, plan carefully to minimise disruption. Create a clear moving plan and give staff clear instructions for how to label and package what needs moved. You may also consider hiring a professional removals firm to minimise the risk of injury or damage, and ensure a smooth move.