Council supports Camden’s jewellery industry
Camden Council is supporting jewellery businesses in Hatton Garden through the development of new affordable work space to help up-and-coming or growing businesses who want to work in the area.
Camden has agreed to provide funding to business space operator Centa Business Services to refurbish the basement of 120 Holborn into eight jewellery workshops. The owner of this building has made the space available as a part of the legal agreement attached to planning permission for a gym development.
This will help address a critical shortage of local workshop space, which is renowned as a centre for jewellers and follows on from concerns about rising rents putting an extra strain on the industry in the area.
The announcement comes with the council also supporting moves to develop the area as a Business Improvement District (BID).
“We want to help and support small businesses and individuals to set up and expand so we can retain this all-important jewellery industry.
“We know that high rents are pushing businesses away so this is an excellent use of developers’ contributions. I have no doubt that this space will prove to be an attractive proposition to people who want to set up a related business.”