Setting up an Independent Business: What to Know About Bath

Bath is one of the UK’s most picturesque cities

It is a popular city that attracts visitors from all over the UK and the rest of the world.

If you’re considering setting up your own independent business in Bath, we aren’t surprised. What we’re here to do is guide you through everything you need to know about the city when it comes to setting up a business.

Water Costs

A shining light of the South West, Bath is located in a region that is very easy on the eye, but one where business water costs can be unnecessarily high.

New businesses are often put on default estimated water tariffs, which can cost more than they need to.

Unfortunately, lots of businesses in the South West are overcharged, but fear not, because Castle Water has a cost-efficient water solution to make sure you aren’t overpaying.

They are experienced in helping local businesses gain a clearer understanding of their bills. Castle Water will help you measure water usage and, if necessary, help you change to a more favourable Bath water supplier.

Tourist Appeal

Bath is a haven for tourists, and while this is more prevalent in the summer, the colder months still attract them. People flock to Bath to visit attractions like the Roman Baths (which is where the city gets its name), Thermae Bath Spa, and Bath Abbey.

Tourism helps independent businesses:

• Visitors often like to pick up souvenirs from independent shops.
• People like to pick up food and hot drinks, which is promising if you're setting up a restaurant or cafe.
• Bath is steeped in history and culture, so tourists are prone to visiting independent bookshops and art studios.

So, the influx of visitors from different parts of the UK (and some from around the globe) is definitely something that will work in your favour if you’re planning on setting up here.

Listed Buildings

Due to its heritage, many commercial buildings in Bath are listed, which can have an impact on businesses.

Buildings are listed so that they can retain their architectural value, which means you need approval from local authorities to alter things. This can take time, add to costs, and give you less flexibility when it comes to customising your space.

Suggestions:

Plan ahead: Prior to making a final decision of premises, check if it’s listed so you understand any relevant implications. Contact Bath and North East Somerset Council to ask about permissions.

Hire experts: Work with architects or consultants experienced when it comes to historic buildings, who can help you navigate regulations and ensure appropriate materials are used that respect building character.

Lean on heritage: Embrace the uniqueness and special qualities of the premises and use that as a marketing tool to attract customers to your shop/restaurant/cafe.

Rent

Setting up a business in a popular city like Bath is a double edged sword. While you may attract high volumes of customers, the rental prices for commercial buildings can be more expensive than other parts of the UK.

For example, rent for a small shop in Bath is approximately £40 annually per square foot, whereas rent in Middlesbrough lies around the £15 mark.

However, the community spirit, tourism scene, and business networking in Bath are things you should definitely take into account when making a location decision.

Networking

Bath is a great city for independent businesses to create strong networking links, allowing you to connect with fellow local businesses and share advice and insight, which can be hugely beneficial to you in the early stages.

The Bath Chamber of Commerce is a business membership and campaign organisation for businesses to connect with one another in Bath.

Taking part in networking events allows you to gain local insights, which is particularly beneficial if you’re not a local. It helps you get customers, find potential partners, and remain informed on business opportunities or council initiatives.

Final Thoughts

Like all cities, there will be pros and cons to establishing a brand new independent business.

While Bath premises can be expensive in terms of rent, you will have access to locals and tourists alike. Water can be expensive, but this cost can be mitigated. While listed buildings can be restrictive, they also have the ability to attract customers.

The strong business network in Bath can help you find connections and grow your business, while also helping others.

If you do decide to relocate and start a new business here, good luck, we hope things go well!