Solutions

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.

  • North Ayrshire Community Wealth Building
    Scotland’s first community wealth building strategy aims to spread prosperity in an area with historically high poverty rates.
  • Save Latin Village
    Small business owners are fighting plans to develop their north London home.
  • B4RN: Broadband for the Rural North
    Not-for-profit community benefit society provides one of the world's fastest broadband services.
  • Rock House
    A community-rooted development company transformed a run-down office block into a creative, collaborative, mixed-use hub.
  • Sovereign Harbour
    Threatened by corporate developers, a fishing community took control of their harbour.
  • Homebaked
    Residents saved their iconic neighbourhood bakery and transformed it into a thriving community run-business.
  • Scallywags nursery
    Parents collaborate with skilled staff to provide high-quality affordable care at this well-established nursery.
  • Space4
    Space4 is a co-working space for social enterprises and worker co-operatives in the digital tech sector.
  • The Larder
    This workers' co-operative connects local growers with businesses in the fightback against food poverty.
  • Islington Community Wealth Building
    Islington, with some of the richest and poorest residents in the country, aims to build a more democratic economy.