business start ups/empty gov property

Offer space for 12 months in empty government properties (office or industrial units)to new micro/small start ups as part of the packeage to give support to new businesses - this could be offered at no, or a nominal rent, and old government IT equipment could be set up for general use - similar to commercial serviced offices. The cost of commercial office space/units is almost prohibitive in Douglas and there does not seem to be any drive to push prices down to assist start ups.

Why the contribution is important

Future income generation from start ups

by DragonX on April 14, 2017 at 10:55PM

Current Rating

4.5
Average score : 4.5
Based on : 2 votes

Comments

  • Posted by OldSailor April 15, 2017 at 10:15

    I don't think government should be competing with private enterprise offering similar services or products. If government has assets that are redundant, then these should be sold in open auction. I do however think rents/lets are too expensive, and think the problem is down to lack of competition within the market. I think the market is dominated by a few landlords and developers who are comfortable with the prices they can demand knowing that there are limited options for customers to go to if they don't like the asking prices. I think they have able to use "options" on land to lock the market up for their benefit (without actually having to buy the land outright from existing owners), preventing others from entering the same market. I would favour legislation that encouraged genuine competition, for instance if land is zoned for development of some kind, yet it sits derelict or unused for a number of years then the owner should be required to put it up for lease/sale in open auction.
  • Posted by dpfellows April 15, 2017 at 12:16

    How long does rezoning last for OldSailor? There should be a maximum 4 years on it to ensure that a decision once asked for and given is then acted upon.

    I agree with your point that ideally unused office space should be sold. If it is sitting idle though why not generate some income as this could help to address the over-pricing issue you mention - provided that the tenancy is short term.
  • Posted by Yukiyama April 15, 2017 at 18:50

    Nice idea BUT it's about Government saving it's money.
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