A group of new business owners in a County Durham road have launched shops in the last few weeks at such a rate, it is being called Enterprise Street.
The most recent business to open on Cheapside, Spennymoor, is The Cake House, owner Tracy Parnaby’s first step into full-time self-employment after taking redundancy from Durham County Council.
She was given a loan from Transmit Start-Ups which funded fixture and fittings needed to operate.
Parnaby said: “The Transmit Start-Ups loan has helped me achieve my dream of running my own cake shop and tearoom.
“From the minute I stepped through the door of the shop I could see exactly how I wanted it to look. The help I have also received from Brenda Wilson, my business adviser, has also been invaluable.”
Near this business is a second new venture supported by Transmit Start-Ups.
Kan Move has been established by another first-time businesswoman, Denise Banner from Bishop Auckland, who has more than 20 years’ experience as an estate agent.
Also a key instigator of this new business culture in the town is Parnaby’s adviser, Brenda Wilson, who encouraged both Parnaby and Banner to set up their ventures in Spennymoor.
Wilson established her hair and beauty salon The House six years ago and it is going from strength to strength.
She said: “As well as Tracy and Denise’s businesses we have also got a new florists, a spectacle and fancy goods shop and an Italian restaurant which have all recently opened. The vacant premises here have been the right place at the right time and it seems to have created a snowball effect, which is fantastic.”
Ian Straker, Transmit Start-Ups director, said: “I have never known a relatively small town attract so many first-time retail enterpreneurs before.
“Spennymoor has definitely got an Enterprise Street and a dynamic business spirit. I am delighted to have been able to help support these fledgling business owners launch their own enterprises.
“They have all hit the ground running and look certain for great success.”