The American franchise chain Subway has announced that it plans on opening 600 new stores across the UK.

This is both an opportunity for those who have lost their jobs and who might be looking for a new business venture in setting up a franchise and good news for the UK economy, as it will create up to 7,000 new jobs.

If you have been made redundant you might think about using your redundancy money (if you received any that is) to set up in business. A good opportunity in this is to set up a franchise, as you are setting up a business which is a known quantity and one that the market already recognises, which not only means a higher likelihood on making it a success, but also the banks would look on this type of business more favourably.