New Enterprise Hub Fife gets underway in Glenrothes

New Hub to offer business support services, global entrepreneurship workshops and affordable workspace 

Work is now underway on a new enterprise hub designed to inspire entrepreneurs and boost business growth in Fife.
Enterprise Hub Fife, which is set to open in spring 2017, is being developed on the first floor of the Royal Bank of Scotland’s premises in Glenrothes town centre.
According to Fife Council, The Hub will offer a joined-up ‘one stop shop’ approach to providing enhanced enterprise and business services to commercial and social entrepreneurs and business start-ups.

It says it will also engage with and stimulate home business owners, sole traders and micro-businesses to locate, or have access to, ‘hot desk hub space’ which is affordable and flexible and encourage daily and short-term affordable business use.

The Hub is set to offer high-speed broadband and IT connectivity will enable web-conferencing and the delivery of training workshops and webinars.

Depute Council leader councillor Lesley Laird, spokesperson for Economy and Planning, said: “This approach to developing and running a successful creative enterprise hub will help strengthen the services that Fife Council’s Economic Development Team delivers, along with our key business delivery partners, including Business Gateway Fife and Royal Bank of Scotland.

“Our aim is to engage with aspiring business start-ups, and micro-businesses by offering a ‘one stop shop’ approach, to stimulate growth in the local economy. By providing all the necessary resources under one roof, from a location here in Fife, we are working to make it easier to access business support services, as well as encourage a collaborative business environment.”

Malcolm Buchanan, chair of Royal Bank of Scotland’s Scottish Board, said: “We are delighted to be entering into this partnership with Fife Council. The Royal Bank of Scotland is a key supporter of businesses across Scotland. Initiatives like this play an important role in driving enterprise and helping create an eco-system where entrepreneurs and local communities can prosper.”

A range of business services will be available, including support from experienced business advisors and business experts, mentoring and finance services from Royal Bank of Scotland’s Business Banking and Commercial Team, access to finance to support early stage growth starts and small businesses to enhance growth plans.

The Hub is one element of the Fife Task Force’s three-year Action Plan, which was created on the back of the closure of Tullis Russell and other businesses in mid-Fife. Following the announcement in 2015, 325 people were made redundant at Tullis Russell, rising to 477 jobs upon closure.

The Hub is designed assist some of those made redundant in recent closures to gain vital upskilling and business training, whilst assessing self-employment options and creating new job opportunities.

The Hub will offer the following services:

  • Embryonic enterprise support for unemployed and redundant employees
  • Access to skills and employability support programmes
  • Global entrepreneurial masterclasses via Entrepreneurial Scotland and E-Spark
  • Development of community driven social enterprise projects
  • Virtual reception services for local home business owners
  • Flexible rented POD rooms and small office space
  • Business support services via key business partners
  • Creative space where school students can learn more about enterprise and entrepreneurship
  • Webinars, training workshops and business events.
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