Lloyds Bank, who supported the enabling of Boxworks at Engine Shed, which was opened on 2 December 2015, is continuing its sponsorship for the re-imagined shipping container development for another year.
Bristol City Council (BCC) granted planning permission for the development on 9 June 2015 in the Temple Quarter Enterprise Zone.
Located adjacent to the Engine Shed, the containers were transformed into custom-designed workspace for the creative, digital and high-tech industries. They have provided additional capacity for Engine Shed, which reached full occupancy in its first year, and the cluster of businesses and projects wanting to be part of this growing entrepreneurial hub.
Engine Shed is a ground-breaking collaboration between Bristol City Council and the University of Bristol, supported by the Homes and Communities Agency.
Jo Harris, Managing Director of Retail Business Banking at Lloyds Bank said: “We know that having affordable office space in the early stages of any business is crucial to its success. In the South West, there is a flourishing enterprise community and we want to help even more businesses in the region start-up, grow and prosper. As part of our ongoing commitment to support UK businesses, we are delighted to work with Engine Shed for another year.”
Forward, who operate the development, say they have had several businesses move out into larger properties nearby and new, smaller companies quickly replace them.
Gavin Eddy, Forward® CEO said:
“Boxworks is designed to be different – inside and out. Not only is it a great location but the space is eye-catching, flexible, affordable and fun. It is a diverse community of start-ups, early stage small businesses and those requiring grow-on space. Boxworks reflects the breadth and ambition of businesses emerging in Bristol.”
Boxworks is a meanwhile project that will run for up to two and a half years. It has been designed, built and is operated commercially by Forward® with services provided by Engine Shed, including access to the iconic Engine Shed Business Lounge, for its 120 occupants.
Nick Sturge, Engine Shed Director, said:
“Lloyds Bank’s continued sponsorship of Boxworks, and their further engagement through membership of our Business Lounge, shows the importance they are placing on supporting us in helping businesses to scale up. We are focusing on creating inclusive and sustainable economic growth and have events planned on the challenges of a scaling CEO and how to develop skills locally to meet the needs of a developing business which hope to address this.”
This development is meeting part of the shortage of affordable, flexible and curated workspace in the city.
Further information about the Boxworks tenants is available from Forward®.