Keeping up with Hull Business News: The Latest Updates and Developments
The city of Hull has witnessed significant developments in recent years, with businesses of all sizes emerging and thriving in various sectors. As a business owner or entrepreneur, it’s vital to keep up with Hull business news to stay informed about the latest updates and developments affecting your field of work.
Hull Business News: What’s New?
One of the latest updates in Hull business news is the upcoming expansion of the Humber Enterprise Park. The enterprise park is set to undergo a £24m expansion, which will create over 500 jobs and provide an additional 44,000 sq.ft of industrial space for businesses.
Another exciting development is the establishment of the Hull and East Riding Enterprise Fund, a new investment fund created to support local businesses. The fund has a total of £6m available to be invested, with an aim to provide funding to local SMEs to help them grow and expand.
Business growth in Hull
Hull has a thriving business scene, and the latest data shows that the city has experienced significant growth in recent years. According to a recent survey, 76% of Hull businesses reported an increase in revenue in 2020, despite the challenges presented by the COVID-19 pandemic.
The creative industries sector in Hull has also experienced exceptional growth and development, with the city being named the UK City of Culture in 2017. The title served as a catalyst for significant investment in the arts, which has created numerous opportunities for local businesses and entrepreneurs.
The impact of COVID-19 on Hull businesses
The COVID-19 pandemic has had a significant impact on businesses across the globe, and Hull is no exception. Local businesses have had to adapt to new and changing regulations, with many opting to move their operations online to keep their doors open.
The Hull City Council has provided support to local businesses, such as small business grants, to help support them through the pandemic. Additionally, the council has been proactive in developing strategies to promote the city as a safe destination for business and leisure.
Conclusion
Keeping up with Hull business news is crucial for business owners and entrepreneurs to stay informed about the latest updates and developments affecting their field of work. With significant investment and growth happening in the city, now is an exciting time to be a part of the Hull business community. By staying informed and aware of changes, entrepreneurs and businesses can seize new opportunities as they arise.
