by James Wood Mon 30 January 2017, 4:19 pm
Waltham Forest Council is setting up a workspace for digital, media and creative companies, backed by £1.1 million from the London Regeneration Fund.
With the council match-funding the grant, at least three workspaces will be created in the borough for 65 businesses by March 2019. Council-owned sites on Lockwood Way in Blackhorse Lane, Walthamstow, have been earmarked for the £2.2 million project.
Workspace will be “modern and flexible” according to the council, will support more than 130 businesses and create 30 new jobs and apprenticeships.
The borough has seen a rise in the number of creative businesses setting up, which the council puts down to “excellent transport links, affordable commercial spaces and a vibrant local community”.
Councillor Chris Robbins, leader of the council, said: “We want to provide creative businesses with the facilities they need to develop and thrive here.
“Our new Workspace initiative will initially support around 150 start-ups, but will then go on to develop further new workspaces for creative, media and tech businesses.
“This will cement our status as the creative choice for London. Providing the vital support to help new business grow in the borough will also help to boost our local economy and provide a range of new skills and employment opportunities for our residents.”
The Workspace initiative will build on the Central Parade in Walthamstow (pictured), a council-owned building which opened in 2016 as a creative hub for businesses, with funding from the mayor of London.
Central Parade features retail units, studios, desk space and an artistic and music studio, as well as a bakery and cafe.
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