City’s affordable work space collaboration with Islington Council, Better Space, officially opens for business, supporting local social enterprises, small businesses and helping residents gain vital skills and experience.
The affordable workspace at The Ray Farringdon will be run by City, University of London in a 10-year partnership with Islington Council, where we will share our knowledge and experience with the wider Islington community, bringing benefits directly to our local area and residents.
The prime office space, with 6,000 sq ft on the ground and lower ground floors of The Ray Farringdon will act as a social enterprise hub in the borough.
Through this partnership, City will be able to provide specialist support to social enterprises, strengthen the wider business community, develop business networks and promote businesses working for social good.
Better Space had an official launch event on Thursday 21st October, with a celebration including networking, local food, music and speeches from City staff, Islington Councilors and Better Space residents.
City’s Better Space Team have been working hard to build relationships with the local area and develop capacity to deliver a range of social value initiatives to benefit local people, businesses and communities.
Cllr Asima Shaikh, Islington Council’s Executive Member for Inclusive Economy and Jobs, said:
“Better Space and Islington’s other affordable workspaces are a key part of the council’s Community Wealth Building programme, bringing local jobs and businesses in a thriving local economy for Islington.
“By creating a social enterprise hub, the council is delivering on its commitment to support alternative models of enterprise ownership, helping to create a more democratic economy.
“The pandemic caused major challenges for Islington’s communities. Better Space is a shining example of how we can adapt and rebuild a locally inclusive economy, so wealth is more equally shared across our communities.”
"It feels like Islington"
Start-up social enterprise BuddyHub, which offers a ground-breaking approach to tackling loneliness, particularly among older people, is one of the eight teams and organisations already working from Better Space.
Tutors United, a social enterprise which works with housing associations and local schools to provide literacy and numeracy support for primary school children and their families, was founded by Islington native, Joel Davis. Now having supported over 2,000 families across the UK since 2012, including 70 families in Islington, they also work from Better Space.
Notes to editors
For more information and updates about Better Space:
- Visit the Better Space website at www.betterspace.london
- Follow Better Space on social media including Instagram: @BetterSpaceLondon and LinkedIn
- Sign up to the newsletter at www.betterspace.london/newsletter-sign-up
For more information about entrepreneurship at City see CityVentures.