Our unique guidance is rooted in over a decade of industry experience. We advise throughout the planning process, guiding design and negotiating agreements that are delivering the next generation of creative and cultural infrastructure.
A growing number of local authorities are enacting new planning obligations that require developments to deliver an element of “affordable workspace”.
Similar to affordable housing obligations, affordable workspace requirements aim to tackle the difficulties of providing affordable spaces for the creative and cultural industries in areas where rapidly increasing property values are pricing these sectors out.
These local policies look to redress property viability by requiring spaces be delivered at below the commercial market-rate. However, these emerging policies do not follow a universal definition of “affordable” and requirements vary by Borough.
With little relevant expertise within local authorities these new planning obligations can result in protracted S106 negotiations with unnecessary additional costs for Developers. Ultimately spaces may be delivered that have not been designed to the unique requirements of their designated creative-industry tenants, remaining void at significant cost to the Developer.
Affordablework.space is the only advisory service to concentrate solely on delivering solutions to these challenging new requirements placed on Developers. We have a unique and comprehensive knowledge base to help projects achieve their affordable workspace obligations, whilst delivering a legacy of benefits for every stakeholder.
Advice throughout the planning process
Guidance that delivers stakeholder benefits
We can also connect you with our partner organisation Southwark Studios, an approved affordable workspace operator, to provide an expression of interest to become the leaseholder. Since 2009 Southwark Studios has generated revenues in excess of £1million, and are now partnered with multiple developers to provide on-site management of affordable workspaces in redevelopment sites.
The creative industries are the fastest-growing sector of the UK economy and the quickest to recover after the 2008 crash. It now accounts for one in every six jobs, employing twice as many graduates as any other sector.
However, there is currently no national strategy to deliver space for the creative industries, and coupled with multiple cost-pressures, the result has been huge reductions in infrastructure that is dedicated to this vital sector.
It is essential to build the spaces our creative economy needs to flourish, otherwise we risk losing home-grown talent, and ultimately damaging our international competitiveness.
Affordable work.space recognise the need to secure suitable spaces for creative production and cultural consumption across the country. Our service helps developers, local authorities and organisations to integrate viable spaces that are tailored to the creative and cultural industries.
The projects and development sites we have partnered with, successfully delivering developer affordable workspace obligations, are being used now by the Greater London Authority as examples of best-practice.
Please contact us if you have questions or would like to organise an initial conversation