An office development to support new and growing small businesses is underway in Middlesbrough.
Teesside entrepreneur Geoff Hogg has invested £2m in the Central Point Business Centre through his company, Linthorpe Developments, which has also launched an ‘Angel Investor’ programme to support small firms.
Central Point, in the former Midland House building on the corner of Southfield Road and Linthorpe Road, offers serviced office spaces for start-up and expanding enterprises.
Geoff has been involved in a portfolio of development projects across Teesside and has invested more than £15m across the North-east. His companies have carried out residential schemes including Cambridge Square and Albert Gate in Linthorpe and the Longlands Social Club site on Marton Road and the historic former Uncle Albert’s pub in Exchange Place in Middlesbrough.
Other ventures include the town’s TFM Soundworks.
Through its equity finance scheme, Linthorpe Developments’ angel investor service will purchase a minor stake in businesses at Central Point and provide support, advice and guidance.
The project is transforming the building, which is originally the site of the Grand Opera House, to provide high specification office space from 160-3,000 sq ft.
Central Point is fully serviced with rents including rates and utilities, and the offices are available under flexible terms.
It also boasts its own private underground car park and flexible storage facilities; secure off-site storage units of up to 2,500 sq ft.
Five retail units also occupy the ground floor.
Linthorpe Developments is one of Middlesbrough’s leading private commercial property developers. Mr Hogg, with more than 20 years’ experience in the property sector, has built a strong portfolio of established retail, office and residential schemes.
He also acts as an angel investor in a number of North-east businesses.
He said: “Taking office space for the first time is a huge step for a small business and we have created Central Point to make the journey easier and hopefully act as a springboard to help turn great ideas into successful enterprises.
“Offering ‘easy in, easy out’ terms offers peace of mind to smalls firms that don’t want to be tied into long-term agreements and have to work very hard to control costs.
“However, Central Point isn’t just about providing office space. We want to create a supportive business community that helps nurture new enterprises. Our Angel Investor programme provides a new dimension to this idea.
“Central Point is also perfect for more established businesses that need centrally-located, high quality office space in a thriving part of Middlesbrough.
“This part of the town is enjoying a real renaissance and the development of Teesside University’s new building close to Central Point highlights the continuing investment being made in this area.”
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