The unprecedented rise in self-employment, freelancing and start-ups continues to push the boundaries of traditional work practices.
Recent figures show that freelancing is one of the fastest selling sub-sectors, having grown by a third since 2008 with forecasts suggesting that by 2020, half of people in the UK will be freelance. Meanwhile, self-employment has grown by a quarter since 2009 to almost five million people.
As a direct result, the demand for co-working space is higher than ever before, with flexible workplace providers taking over 21 per cent of office space in Central London in 2017 alone.
Outside of the capital, Manchester has seen the biggest increase in flexible workplaces of all the regional cities, with the burgeoning tech and creative markets fuelling demand for agile and responsive accommodation that can grow or retract depending on their evolving business needs.
Which is why we’re incredibly excited to have purchased Progress Centre in Ardwick – a 22,000 sq. ft. former Victorian cotton mill which, after a £250,000 investment, will provide high-specification, flexible, co-working spaces to Manchester’s thriving SME, start-up and freelance communities.
Our ambition for the development is to sympathetically restore the building’s period features to ensure it retains and regains its heritage while providing a creative and inspiring space for those freelancers and small businesses who want to collaborate and innovate together.
As a small business ourselves, we’ll be proudly basing our new headquarters on the top floor of the five-storey building, allowing us to benefit from the vibrancy co-working spaces can offer, alongside the newly renovated café and even the fitness studio in the basement.
With Manchester at our core, we’re delighted to have invested more than £2million into central Manchester alone over the past 12 months, and means we can give something back to the area, while supporting and promoting the growth of the city’s flourishing start-up and SME community.
Place North West recently reported on the project and we’re delighted at the response received so far. Read the full article here: https://bit.ly/2ywzUiG
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