Solutions

Create affordable workspaces

Create affordable workspaces

Affordable workspaces are essential to the survival of independent businesses.

The East End Trades Guild Affordable Workspace Manifesto was developed through a democratic process led by its members, and with assistance from the New Economics Foundation. While written for London, where dramatic rent rises are squeezing out independent businesses, many of the measure are relevant to other cities struggling to maintain the diversity of their economic ecosystems.

They include:

A working rent for small businesses
We need a flexible formula of rental affordability for small and micro businesses.

Small business community land trust 
A small business-led community land trust can provide genuinely affordable workspaces for small and micro businesses in perpetuity. CLTs are a viable long-­term solution to the workspace crisis.

Landlords’ register
Create access to comparable rental evidence to support small businesses in keeping rents reasonable, and enable stronger more accountable relationships with commercial landlords.

Policy in practice

Projects that demonstrate the benefits or may be helped by polices like this.

  • Friendly Families nursery
    This brand new nursery provides affordable, child-centered care co-produced by parents and staff.
  • Preston Community Wealth Building
    Preston, recently named the UK's "most improved city", has pioneered more democratic ways to build local wealth.
  • Impact Hub
    Impact Hub is a community centre and co-working space which aims to build a more equal and just city.
  • North Ayrshire Community Wealth Building
    Scotland’s first community wealth building strategy aims to spread prosperity in an area with historically high poverty rates.
  • Space4
    Space4 is a co-working space for social enterprises and worker co-operatives in the digital tech sector.
  • Grasshoppers In The Park
    Parents and staff work together to provide high-quality, affordable childcare at this co-operative nursery.
  • B4RN: Broadband for the Rural North
    Not-for-profit community benefit society provides one of the world's fastest broadband services.
  • The Exchange
    This community arts centre has plans for workspaces, exhibition space and housing in neglected local buildings.
  • The Annexe
    Hartlepool has one of the UK's highest unemployment rates, but new approaches aim to buoy local wealth.
  • North West Mutual
    Community bank will help local businesses and individuals neglected by mainstream banks.