‘Our vision for an inclusive Islington economy’: Council bosses to approve affordable workspace plan

Cllr Asima Shaikh, second right, pictured on a business rates protest last year, wants to make Islin

Cllr Asima Shaikh, second right, pictured on a business rates protest last year, wants to make Islington's economy 'more inclusive'. Picture: Islington Council - 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.

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.”