London Borough of Islington, GB increases inclusivity of local economy with Affordable Workspaces

London Borough of Islington, GB Affordable Workspace

Complete

Borough leaders identified a lack of adequate facilities for local entrepreneurs and startups. Islington recruited operators for free or low-cost workspaces aimed at small businesses. Operators also provide mentoring, skill-building, and marketing support for their tenants. The first round of Affordable Workspaces included a textile workshop, recording studio, and retail space. Ten sites totaling 4,793 square meters of functional workspace were operational as of September 2022.

Economic Development Commerce Training & Development Diversity & Inclusion

London Borough of Islington, GB

London borough in England

United Kingdom

Links

Affordable Workspace Providers | Islington Council

Affordable Workspace Providers)

Attachments

Social Value in Islington's Affordable Workspaces

8.88MB

Newsworthy

Islington’s pioneering affordable workspace programme creates £1.24million in social value, boosting economy and helping budding entrepreneurs from often excluded communities

Islington’s ground-breaking affordable workspace programme – which gives budding entrepreneurs from often excluded communities the tools to thrive, helping to make the borough a more equal place – has delivered more than £1.24million worth of uplift to the local economy in its first two years.

Project Succeeded

A council report estimated £1.24 million in social value generated during the program's three years.

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