According to data released by the Office for National Statistics in June 2015, employment rates in the UK rose by 43,000 between February and April of the year, as compared to the preceding three-month period. After April 2015, there were only 1.81 million jobless people, which represented 5.5% of the population of the UK.

With the government’s long term economic plan, not only are more people finding jobs but wages are rising as well. The Office for National Statistics report added that there was a 2.8% rise in wages during the same period.

However, availability of jobs and high wages are directly related to the increasing number of entrepreneurial ventures in the country, bringing business to other related industries as well, says an expert at Holiday Inn, Luton South, a hotel that offers world class meeting rooms in Luton, near M1.

Entrepreneurial Growth in Luton

One of the largest towns in Bedfordshire, Luton is a place with enormous potential. This town is recognised more widely than many towns of same size in the country. Luton is home to the world’s first football club, established in 1885. The town holds an international reputation for housing the headquarters of Vauxhall Motors, a company that is known for its world class models for more than a century now.

According to a report by Duport Associates Ltd, published in September 2014, a record number of new company formations took place in Luton during January to March 2014, evident by the 17% rise in company registrations during that period, while the UK experienced 12% growth. In fact, the net number of companies in Luton rose to reach 252 in the first quarter of 2014, which was at 195 in the previous year.

One of the major reasons for this town becoming popular among entrepreneurs has been the opening of Luton Airport in 1938, which then became a bridge connecting Luton with the rest of the UK, Europe and key international destinations, such as North Africa and the Middle East. Moreover, the M1 provides a direct link to the rest of Britain’s road network.

Luton is now competing both within the nation and on the international stage as a lucrative destination to invest in. Companies are increasingly looking for meeting rooms and conference nenues in Luton, near M1, in order to gain easy access from Luton Airport for their potential investors and clients from all over the world.

How the Government is helping

The UK government, along with a number of specialist organisations, is working with businesses in Luton to give them advice and help to start and grow their business. The government is also offering help for potential start-ups, to come up with a great business plan, while providing funds and offer training as well.

Even those who are expanding or relocating to Luton, the Council’s Economic Development team is happy to offer all kinds of help and support. They offer services like property solutions, planning, recruitment, business growth incentives and aftercare.

If you are looking to hold a conference or business meeting in Luton, you will be spoilt for choice of conference venues, with all the requisite facilities and an excellent team to take care of the nitty-gritties, while you focus on making your event a success.