‘Our vision for an inclusive Islington economy’: Council bosses to approve affordable workspace plan
- Credit: Archant
Council bosses are set to approve an affordable workspace strategy to support small businesses.
High rents and rates mean our independent shops and firms are struggling, as detailed in a Gazette piece last week questioning if the Islington is losing its soul.
The town hall’s affordable workspace strategy – set to be signed off by the council executive tonight (Thu) – is one tactic to intervene.
The council is investing £2million for affordable workspaces in Finsbury Park, as well as converting 12 disused garages in the Andover Estate.
Part of the policy offers businesses a peppercorn rent, on the condition they offer jobs and training to local people and support fellow entrepreneurs.
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Economic development leader Cllr Asima Shaikh said: “We’ve already received lots of interest from potential affordable workspace providers, who share Islington’s vision for an inclusive economy.”
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