1.
Cost: The primary reason why many businesses
consider relocation is due to costs, these may be labour, operating, property
or costs in adhering to environmental regulations. If costs are too high businesses will look
for a more favourable location.
2.
Space: Many businesses inevitably outgrow
their facilities; taking on a larger unit with better, more modern facilities
with room to accommodate future growth is sometimes the only option.
3.
Market Presence: To increase your presence in
the market or to become closer to suppliers/resources.
4.
Labour: To acquire employees with a more
specialised labour skill set.
5.
Innovation: Closer to similar companies, entering
a cluster of innovation (see previous blog entry)
6.
Quality of Life; It may be the case that it is
just the preferred location of the directors.
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