Finance - For my business a good source of funding would be a grant from various companies, such as the BFI Film fund, channel 4 or the Arts Council projects grant. The option of a number of social enterprise funds are out there too, notably by the School of Social Entrepreneurs (SSE).
Insurance - for my business the most important insurance to have would be employer liability, which is demanded by law to have. After that the insurances I would need covered are equipment insurances on any and all equipment as some of it can be extremely expensive, public liability in the event of shooting in public spaces or with members of public on set and lastly professional indemnity insurance to cover any contractual disagreements with potential clientele or partners.
Business rates - The business rates for the local area for businesses valued up to £50,999 is 0.499p, while any businesses earning £51,000 and up is on 0.512p to the pound. The Great Yarmouth Council only offers reductions to businesses affected by covid, retailers or businesses setting up and renovating derelict buildings to operate their business out of.
Geography, transport and accessibility - In order to effectively fulfil my mission the business needs to be set up in an accessible location for the underprivileged youth I'm trying to outreach to, however this means setting up in a not so profitable area rather than in the city where everything will be more accessible for partners, clients and the city youth. Transport would be covered on most bases in town however as there is train access, multiple buses from all over the county and beyond and the walking distance from most areas of town is less than 20 minutes.
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