Starting a Business in Hinckley

An aerial photograph of Hinckley Town Centre

Hinckley is a great place to do business!

Hinckley Town Centre is encapsulated as a Business Improvement District (BID). A Business Improvement District is an area within which local businesses agree through a local ballot to pay an additional charge on their business rates. These funds are managed by an independent business-led company (in this case Hinckley Town Centre Partnership) to improve and enhance conditions for businesses within this defined geographic area. Projects delivered by the BID are designed to drive footfall into the town centre, market and promote the local business community and provide business support and cost saving initiatives to the benefit of BID members.

Hinckley is a thriving market town with a diverse mix of multiple and independent retailers, with a popular and award winning traditional market trading on the main pedestrianised area of the town centre every Monday, Friday and Saturday.

The town centre has the benefit of high occupancy rates - and is focused around a pleasant pedestrianised heart with excellent car, bus and train access.

The centre of Hinckley retains much of its character with many buildings reflecting key periods from its history, some of which are listed as being of national importance. These include the medieval Castle Mound, the original Framework Knitters Museum through to the Arts & Crafts influenced Free Library dating back to 1887.

Hinckley Town Centre Partnership working closely with Hinckley & Bosworth Borough Council organises a packed Town Centre events calendar throughout the year, attracting some 40,000 additional visitors annually.

Transport Links

Hinckley is ideally located in South West Leicestershire with easy access to the motorway network, with Junction 22 of the M1 and with Junction 1 and 2 of the M69 passing through the Borough. It is bordered to the north by the M1, to the east by the M69, to the west the M42 and to the south by the main A5.

Local train services operate from Hinckley to Leicester, Birmingham and Coventry . Trains to Leicester continue on to Nottingham and the North. There are more than 30 trains a day to London via Nuneaton or Leicester.

Birmingham International Airport and East Midlands Airport are both only 30 minutes away from the centre of Hinckley Town Centre.

Development

Hinckley is undergoing a £1bn programme of transformational new investment, £200m of which is in the town centre. This will create over 3,000 jobs. A number of these projects including the new College of FE campus, and the £5m restoration and conversion of The Atkins Building into a creative industry business centre, both recently completed. Other major projects such as the £80 million Crescent Leisure and Retail scheme are due to start imminently.

A new £300 million expansion at MIRA (which is located only a short distance from Hinckley Town Centre) will create a further 2,000 jobs. In addition to creating jobs for Hinckley people, the investment will help attract further developments to the area including big improvements to the A5.

Locally based national and international organisations include MIRA (Motor Industry Research Association), Triumph Motorcycles (Britain’s largest motorcycle manufacturer) and Caterpillar (logistics), to name just a few.

Catchment Area Stats

  • The Catchment Area for Hinckley as outlined by Experian has a population of 363,475 with 147,632 households.
  • The population of the borough of Hinckley & Bosworth is 104,800, with the largest proportion – 37,210 living in Hinckley.
  • Along with Loughborough, Hinckley is the largest secondary centre in the county of Leicestershire.
  • Hinckley sits within the East Midlands but also benefits from the economies of the West Midlands region as the border is close by.

Education

There are a number of first class local authority and independent schools in the area. The borough offers a three-tier education system with pupils transferring from one of the 33 primary schools in the borough to one of 12 high schools at the age of 11 and moving on to upper schools/colleges at the age of 13/14. Two of these schools offer 6th Form functions. Hinckley Town centre also benefits from a brand new state of the art FE college campus, focusing on performing arts, media, graphic design and creative arts.

Housing

The council will allocate land for the development of a minimum of 1,120 new residential dwellings in Hinckley. There are also plans to build a further 2,500 in the Sustainable Urban Extension at nearby Barwell and 2,000 at Earl Shilton.

Housing stock at March 2010 was 46,172 within the borough. 7.4% of the housing stock in the borough was Local Authority Housing, 3.3% was Registered Social Landlord Housing and 89.3% was Private Housing.

Contact Hinckley BID

If you are looking to start a business in Hinckley, please don’t hesitate to contact us and we will be pleased to do all we can to help you.