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How Peter Boam created flexible accommodation

How Peter Boam created flexible accommodation
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How Peter Boam created flexible accommodation
Siobhan Stirling - Sharp Minds Communications by Siobhan Stirling - Sharp Minds Communications
Owner/Director - Sharp Minds Communications Ltd

A career with one of the largest supermarket chains in the country is as far away as possible from the small business environment of CapitalSpace.  So why did Peter Boam abandon the world of hypermarkets and national business development strategies to commit himself to helping entrepreneurs?  The answer is a belief and philosophy that still guides the company today.

When the creator of CapitalSpace, Peter Boam, started the company almost 20 years ago, his idea was to provide affordable business accommodation for people who were just starting their business or were looking to grow into bigger space. He realised that, at the time, to secure business accommodation you would have to agree to a contract that would last for, on average, three years or more. He saw this as a flaw, as it restricted smaller businesses from growing by tying them into their office for a long time. He came up with a novel solution: to create a flexible contract for small businesses who were looking to grow in a matter of months. So, on 1 January 1999 he opened his first business centre in Colchester.

Peter already had experience in property development, which opened his eyes to the lack of suitable property available to meet the needs of a growing business. With this in mind, he made it his mission to provide an affordable accommodation contract that offer real flexibility to entrepreneurs.

CapitalSpace has stayed true to this ideology since Peter first set it up and has since opened up - 9 new business centres in Colchester, Chelmsford, Kings Hill, Milton Keynes, Croydon, Sittingbourne, Harlow and Southend – and has recently acquired the management contract for the Loughton Seedbed Centre showing how much CapitalSpace has grown with its customers.

Part of Peter’s expertise in growing businesses comes from his career at Sainsbury’s, during which he helped launch and grow Homebase. Not only did he develop several Sainsbury’s hypermarkets, he was also responsible for the first 77 Homebase stores.

CapitalSpace has grown tremendously thanks to Peter’s vision in providing customers with wide-ranging services; far more than simply offices, workshops and studios, the CapitalSpace offering includes insurance, security, meeting rooms and also business support.

With more sites to be opened, CapitalSpace is looking forward to continued growth under Peter’s stewardship whilst helping other businesses to grow in the process.

To find out how Capital Space business premises could benefit your growing business,

call 0800 107 3667