IWG to open Wolverhampton flexible workspace
Wolverhampton Council’s i11 building is set to be enhanced next month into a newly refurbished office and flexible workspace
Under their Spaces brand, IWG, an operator of hybrid work solutions, has revamped the vacant first-floor space after reaching an agreement with the council for the Victoria Square facility.
Spanning 10,000 sq ft, the first floor at i11 will provide serviced workspaces and meeting facilities for up to 250 people under the IWG premium Spaces coworking brand.
This new coworking space aims to cater to businesses of all sizes, including those that may have originated from IGNITE in the neighbouring i10 building.
As well as improving skills and employment opportunities, the spending by occupiers is estimated to add £600,000 a year to the local economy.
Councillor Paula Brookfield, the council’s cabinet member with responsibility for city assets, said: “This scheme brings a valuable space back into use and will provide a fully managed office service solution that will boost the local community with new jobs and encourage new businesses into the city, benefitting local economic growth and thereby supporting the Wolverhampton Pound.
“Organisations need less long-term commercial office space and are turning to shorter-term agreements or new arrangements with flexible workspace providers such as IWG. The council therefore needs to respond positively and adapt its strategy to offer both potential corporate occupiers and local businesses that have the potential to grow high-quality office space on a more flexible basis, to meet the change in demand for space and their specific requirements.
Mark Dixon, founder and CEO of IWG, said: “We are very pleased to be partnering with the City of Wolverhampton Council on this latest opening. It comes at a time when more and more companies are discovering that flexible working boosts employee happiness and satisfaction while helping the environment. Our workplace model is also proven to increase productivity and allows for a business to scale up or down at significantly reduced costs.”
