'Our vision for an inclusive Islington economy': Council bosses to approve affordable workspace plan
PUBLISHED: 08:17 19 April 2018 | UPDATED: 11:37 19 April 2018
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.”