Serviced Office Operator sought for Warrington Business Incubator

Posted on 17 February, 2015 by Cliff Goodwin

With construction of its £8.5m town centre business incubator well underway, Warrington Borough Council has launched a hunt for a company to manage the hub.

Serviced-Office-Operator-sought-for-Warrington-Business-Incubator

The authority has hired real estate service provider CBRE to manage the search through The Chest, the North West’s local authority procurement portal. It is expected the applications from experienced managed workspace operators will be reduced to a shortlist of eight, with the successful company being announced in April.

The Advanced Engineering and Manufacturing Business Incubator is the first development to start on the site of the Warrington council’s ambitious Stadium Quarter project. Work on the hub started last summer and is on schedule for a June completion, with an opening three months later.

Financed partly by a £1.7m European Regional Development Fund grant and a £6.7m investment from Warrington Borough Council’s capital programme, the state-of-the-art complex will offer a contemporary, high-quality workplace specifically aimed at providing prestigious, accessible accommodation for start-up businesses. When fully operational it will be capable of supporting up to 100 small ventures.

“This is a tremendously exciting project and the council is seeking a dynamic serviced office operator who can match and meet our ambitious expectations for this project,” explained the town’s council leader, Terry O’Neill.

“The Business Incubator will provide a first class base in which new businesses from the engineering and manufacturing sectors can develop and grow,” he added.

“Warrington’s local economy is doing tremendously well, as recognised in the recent Centre for Cities findings which placed Warrington up at the top in most categories including that of start-up businesses.

“This new facility is being built in response to that demand and will provide a first class base in which new businesses can develop and grow.

“Significantly, by the autumn of next year the Stadium Quarter will be home to two top class facilities: the business incubator and the University Technical College, which will train and equip our young people in nuclear and engineering skills.”

Steve Park, managing director of the town’s economic development company Warrington & Co, which is managing the development, said: “This is great news for Warrington and a great start for Stadium Quarter. The business incubator is exactly what start-up businesses in the region need.”

The Stadium Quarter initiative was unveiled by the authority in March, 2013, and hopes to create as many as 4,000 jobs when completed in 2024. It will connect the town’s bus interchange with the Warrington Wolves’ Halliwell Jones Stadium and create a new, vibrant mixed-use development comprising educational, business, leisure and housing uses.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants