You are here:

Council Announces New £2.2million Workspace Initiative to Help Businesses Succeed

Over 130 creative businesses are set to benefit from a new workspace initiative announced by Waltham Forest Council today during a visit from the Mayor of London, Sadiq Khan. Backed by a £1.1million grant from the London Regeneration Fund, the scheme is designed to appeal to the swathes of digital, media and creative firms and entrepreneurs already moving to Waltham Forest, attracted by excellent transport links and its vibrant local community.



Waltham Forest Council is match funding the grant with £1.1million investment from a variety of sources to develop at least three new workspaces for 65 businesses by March 2019, including Council-owned sites on Lockwood Way in Blackhorse Lane, Walthamstow. As well as offering modern and flexible workspace, the scheme will support more than 130 businesses and create 30 new jobs and apprenticeships.


Chris Robbins, Leader of Waltham Forest Council, said: “We have seen a huge increase in the number of creative businesses that want to set up home in Waltham Forest, and we want to provide them with the facilities they need to develop and thrive here. Our new Workspace Initiative will initially support around 150 start-ups, but will then go on to develop further new workspaces for creative, media and tech businesses. This will cement our status as the creative choice for London. Providing the vital support to help new business grow in the borough will also help to boost our local economy and provide a range of new skills and employment opportunities for our residents.”


One business to benefit from the new initiative will be the Wild Card Brewery, an award-winning micro-brewery based in Walthamstow. In late 2017 they will move into new premises on Lockwood Way which will more than treble their current floor space and allow them to provide a number of new full and part-time job opportunities.


The Workspace Initiative builds on the success of Central Parade in Walthamstow, a Council-owned building which was re-opened earlier this year as a creative hub for local businesses, thanks to funding from the Mayor of London. The building has a range of flexible spaces available to rent to suit a range of needs including retail units, studio areas and desk spaces, and also houses a bridal gown designer, a fully functioning bakery and cafe.


The Mayor stopped off at Central Parade to meet with some of the business owners as part of his visit to Waltham Forest, during which he backed the Council’s plans to deliver long-term economic growth for the borough.


The Mayor of London, Sadiq Khan said: "We've made it clear that London is open for business, for talent, for creativity, for ideas and for people. Coming to Waltham Forest today has reminded me not only of the entrepreneurship in this borough, but the values it stands for as a place that is open and inviting. There's a real buzz about this place and by regenerating the area, the Council is helping people fill their potential. It’s an exciting Council doing dynamic things."


During the visit the Council also launched its new Economic Growth Strategy – a four year masterplan for delivering new housing, investing in town centres, supporting local businesses and providing employment and skills opportunities for local people.


Included in this is the Council’s ambitious vision for Lea Valley Eastside, which will create a brand new community with 4,500 new homes, 300,000 sq m of commercial space and support population growth of 10,000 people. The Council has already re-opened Lea Bridge Station - which sits at the heart of the Lea Valley Eastside site - giving current and future residents an important transport hub and direct links to Stratford and Tottenham Hale.


The Lea Valley Eastside plans also include regenerating a number of Council-owned sites, creating a new public square and developing a number of new education, health, sports and leisure facilities.


If you would like more information about any of these press releases or have a different media enquiry please contact us at media@walthamforest.gov.uk or on 020 8496 4521 / 4802.

For out of hours please email media@walthamforest.gov.uk or call 07966 915 157.