Sam Shead of TechWorld.com takes a look at the increasing number of co-working spaces that are emerging in Tech City…
“The increasing number of start-ups setting up shop in London is fuelling demand for work space, particularly in Tech City where 15,000 new businesses were created in the last year alone.
By their very nature, start-ups are small often have a lack of resources, which can make moving into large permanent offices impractical and expensive. Say hello to co-working space.
Co-working spaces are hubs of entrepreneurial activity – often home to dozens of start-ups from a wide range of backgrounds – and have cropped up as people being to realise that there is money to be made in providing somewhere that nurtures start-ups in a way that the raw, soulless office blocks can’t.”
Co-working spaces typically come with the usual office necessities – a desk, internet connection, coffee machine, lavatory etc. – but they tend to charge small businesses based on the number of desks they use each month, which can be significantly less than buying/renting a property or an office space. Co-working spaces benefit from a collaborative environment, which allows start-ups to ask other businesses in their space for help and advice on everything from website design to PR.”
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