The annual summer networking event held yesterday Thursday 18 July, saw around 150 business leaders attend to acknowledge the work the Terrace has done in supporting and encouraging start-up companies in Maidstone to succeed.
Established by Maidstone Borough Council in 2015, the Business Terrace was introduced to enable entrepreneurs in the borough to start businesses, grow and thrive. Since then it has expanded three times to cope with demand for essential office space in the town and is now recognised as a dynamic, innovative and hugely successful.
Commenting on the success of the Terrace, MBC Head of Regeneration and Economic Development – John Foster said:
“Our intention for the Business Terrace was to bring together like-minded individuals who influence, inspire and energise one-another - creating opportunities for fledging firms to spread their wings and fly!
At Maidstone Borough Council we always envisaged it being successful, but in the past four years it has exceeded all expectations and is now seen as a hotbed of business innovation having hosted three of Kent’s top 30 under 30 entrepreneurs, two successful Dragons’ Dens applicants, supported over 800 people and more than 100 innovative businesses.
We are incredibly proud of what we have achieved in establishing local supply chains and boosting the local economy, giving us the highest business survival rate in Kent and solidifying our message that Maidstone is the Business Capital of Kent.
Strategically located in central Kent, with excellent connectivity to London, regional and European markets, Maidstone is the Business Capital of Kent."
Building on the success of the Business Terrace, MBC has introduced plans to develop an Innovation Centre situated on the Kent Medical Campus which will be for start-up businesses in the healthcare, med-tech and life-science sectors. The new facility is due to open in 2021 and will offer flexible, serviced office accommodation combined with extensive onsite business support.