20

Lincolnshire workspaces support 128 jobs and £4.86m

Modern office workspace with computer monitors, beige desks, and bright natural lighting indoors.

Nearly £4.86 million in annual economic activity is being supported by Lincolnshire County Council’s commercial workspace portfolio, according to the council’s latest figures.

The programme provides premises for 146 businesses across Lincolnshire and helps create or safeguard 128 jobs. The council says the portfolio has a net operating cost of £494,000 a year after rental income is taken into account.

That figure is an estimate of economic activity supported by the workspaces, rather than money paid directly to the council. It also does not represent the total value of Lincolnshire’s economy. The figures instead indicate the scale of business activity associated with tenants using the portfolio.

Council premises fill gaps in the private property market

The workspaces are intended for small and medium-sized businesses, from start-ups through to growing companies. They are offered in areas where private commercial property does not fully meet local business needs.

The council combines commercial premises with flexible lease arrangements, direct business support, networking opportunities and engagement activities. The wider support offer includes Business Lincolnshire and sector-focused programmes such as UK Food Valley.

Lincolnshire workspaces support 128 jobs and £4.86m

For tenants, the practical aim is to provide somewhere to start or expand while they develop. For local communities, the reported impact is linked to the businesses using those premises and the jobs they create or safeguard.

Tenant satisfaction remains above 90 per cent

The council’s latest tenant satisfaction survey found strong approval for both the premises and the wider landlord service:

  • 94% would recommend council-owned premises to another business.
  • 95.7% were satisfied with the location.
  • 94% were satisfied with the condition of their accommodation.
  • 92.3% were satisfied with the services provided by the council as landlord.
  • 90% were satisfied with their office or industrial unit.

The results cover a mixture of offices and industrial units across the portfolio. They show reported satisfaction among current tenants, but do not on their own measure the programme’s wider economic effects or compare the council’s spaces with every private-sector alternative.

Business support is designed to help tenants move on

Over the past year, the service delivered events covering recruitment, employment legislation, digital technologies, artificial intelligence and energy efficiency.

Lincolnshire workspaces support 128 jobs and £4.86m

Simon Wright, Regeneration and Portfolio Manager at Lincolnshire County Council, said the portfolio is designed to support businesses throughout their growth journey while filling gaps in the private commercial property market.

One example cited by the council is Fariman Knight and Sons, an award-winning business that grew after its tenancy at the South Lincolnshire Food Enterprise Zone and later invested locally in its own dedicated premises.

Wright said businesses moving into larger offices or factories, or leaving for premises of their own, is the intended outcome of the approach. That means a tenant leaving is not necessarily a sign that the programme has failed; it can indicate that the business has expanded beyond its original workspace.

Businesses looking for commercial premises can view the county council’s available spaces through the Business Lincolnshire commercial property finder. The portfolio forms part of the council’s wider economic-growth work, which also aims to attract investment and ensure companies have suitable facilities as they expand.

Source: Lincolnshire County Council

Comments

No comments yet. Be the first!
beehiveweb.co.uk editorial team

beehiveweb.co.uk editorial team

beehiveweb.co.uk editorial team is responsible for editorial review, source checks and clear public-interest news coverage published by beehiveweb.co.uk.

More Stories