London,
06
November
2023
|
09:43
Europe/London

Camden launches new plan to increase affordable workspaces for local entrepreneurs and businesses

Camden Council is set to launch a new affordable workspace plan to support the borough’s budding entrepreneurs and boost the local economy. 

The Affordable Workspace Strategy (AWS) aims to provide below market rate office, lab, workshop and market space to support growing entrepreneurs and businesses based in the borough.

Developed alongside local businesses and workspace providers, the strategy sets out a series of actions which will increase the number of low cost workspaces including working with existing workspace owners to provide cheaper rent for businesses, identifying possible future council-owned workspaces and vacant high streets space.

Recent examples include Tribeca in Pancras Way where over 1,800 square meters of affordable space will be offered as lab space to support life sciences and 1 Triton Square where affordable office space will be available to support businesses with a social or environmental impact.

Aimed at local diverse budding entrepreneurs and growing local businesses, through this plan the Council aims to support those from often excluded communities to get a kickstart to help their ideas grow and thrive.

“
Councillor Danny Beales, Cabinet Member for New Homes, Jobs and Community Investment

Local small businesses and start-ups are a key part of Camden’s thriving economy, but we know how challenging it has been since the pandemic and through the cost-of-living crisis. That’s why we are committed to supporting the many talented and diverse entrepreneurs and businesses in every way possible – and through this new plan we hope to provide more affordable workspaces to help start and grow their businesses.

Councillor Danny Beales, Cabinet Member for New Homes, Jobs and Community Investment
„

Through this work, the Council aims to provide start-ups and small and medium sized (SME) businesses in Camden with more opportunities to grow and strengthen the local economy.

At this stage, Camden Council is inviting workspace providers to express their interest in being part of the scheme. Providers can register their interest via this short survey.

For more information, head to camden.gov.uk/workspace.