- 12 coworking spaces have been shortlisted for an award by UK freelancing association, IPSE
- All except one are based outside of London, suggesting continued growth in regional cities
- Research released earlier this year claims that flexible space is spreading well beyond the Capital
UK-based IPSE, the Association of Independent Professionals and the Self Employed, has revealed its top 12 longlisted finalists for the 2018 Coworking Space of the Year award.
Whatโs interesting about this list of coworking spaces, which have been chosen for their focus on supporting freelance workers, is that all except one are based in regional cities outside of London.
Its top 12 finalists are:
- Impact Hub, Birmingham
- PLATF9RM, Brighton
- Desklodge, Bristol
- TMRW, Croydon
- Clockwise, Glasgow
- Duke Studios, Leeds
- Avenue HQ, Liverpool
- DoEs Liverpool, Liverpool
- Signature Works, Liverpool
- Space4, London
- Ashton Old Baths, Manchester
- Ziferblat Edge Street, Manchester
This is yet another indication of the growth and spread of coworking. A year ago, Steve Upham, founder of Manchester coworking space Altspace, wrote in Deskmag that โthe coworking movement in the UK is migrating out from major cities as demand grows for professional work spaces in smaller towns and suburbs,โ and now this trend appears to be accelerating further.
In addition to geographical growth, itโs also positive to see that the majority of the finalists are small, independent spaces that clearly have a strong focus on supporting their members by creating, in IPSEโs words, a โnurturing, inclusive and stimulating environmentโ — all the elements that freelance and self-employed business owners need to thrive.
In 2017, the self-employed community contributed ยฃ271 billion to the UK economy, and with 4.8 million people now working in a self-employed capacity, such spaces are playing a vital role in supporting the needs of independent professionals.
Chris Bryce, CEO of IPSE, commented: โAs the self-employed population grows, so does the number and importance of the UKโs coworking spaces. The service they provide to freelancers is truly invaluable.โ
Regional spread
In January 2018, Cushman & Wakefield released its Coworking 2018 report, which revealed that around two thirds of the UK flexible workspace market is based outside of London. According to the report, the UK saw โrecord growthโ in demand and significant growth in take-up for flexible space in 2017, as the trend for flexible workspaces โspread well beyond the Capital for the first time.โ
The report found that take-up of all leases in the UKโs largest cities (excluding London) jumped from 2% to 7.5% in 2017, which was largely powered by the growth of large operators that are now seeking to grow outside of London — namely WeWork and Spaces.
Another city noted by Cushman & Wakefield for high take-up is Cardiff in Wales. Although it is not traditionally known as a flexible workspace hotspot, this may be set to change as large operators begin to move in. One of them is BizSpace, which has just bought Trafalgar House – a huge office building in Cardiff city centre for ยฃ6 million.
This is the first time the long-established serviced office company has ventured into Wales. Emma Long, Commercial Director at BizSpace, says Cardiff is โlacking in good quality flexible workspaceโ as much of its existing office buildings have been redeveloped into student accommodation or homes.
However, she added that the city โboasts a burgeoning SME market, which shows no signs of slowingโ, and BizSpace will begin to cater to this market with the completion of a ยฃ2.7 million refurbishment of Trafalgar House.
