Mark turns redundancy money into childhood dream.
Needing help to kick-start his business, Mark Meredith received a £10,000 loan from First Enterprise to open his Derby-based shop, Galactic models.
Selling everything from niche model railway sets to unique board games, Galactic Models is the creative Derby toy shop in which owner Mark is following his business dream.
Mark said: “I started making models when I was seven and since then I have done OO and N-gauge layouts and plastic kits in all scales, mainly sci-fi.”
“The funding I received from First Enterprise enabled me to open up my own shop. The loan, along with my redundancy money, was put towards all the start-up costs of the business such as legal fees and rental costs. Without the support it never would have happened.”
With 18 years of experience working in model hobby stores and after being made redundant Mark decided to set up his own store. Galactic Models opened its doors in Derby’s Stand Arcade in April 2014, part of the city’s Cathedral Quarter.
“Being made redundant helped to put things into perspective but without the First Enterprise loan and all the help and advice I never would have pushed myself.”