RCS - Workspace Grp PLC - Workspace customers contribute £2.2bn in value

WorkspaceAnnouncement

Mon 07:00

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RNS Number : 8940P  Workspace Group PLC  07 July 2025

7 July 2025

 

WORKSPACE GROUP PLC

 

WORKSPACE'S SME CUSTOMERS CONTRIBUTE OVER £2.2 BILLION IN GVA EVERY YEAR:
POWERING LONDON'S FUTURE FROM THE GROUND UP

 

·   Workspace SME customers contribute over £2.2bn in GVA (Gross Value
Added) and £45 million in business rates every year, powering London's
economy

·   37% of Workspace customers live locally, spending nearly £1m in local
neighbourhoods each week, helping to sustain high streets and local businesses

·  c.20% of Workspace customers purchase goods and services from each
other, nurturing a collaborative ecosystem

 

Workspace Group PLC ("Workspace"), London's leading owner and operator of
flexible and sustainable work space, today publishes its 2025 socio-economic
report: Enabling a fairer, flatter London. With more than 60 buildings across
18 boroughs, Workspace continues to be a driving force behind London's local
growth - with its SME customers contributing over £2.2 billion in GVA and
£45 million in business rates each year.

 

From Hackney to Lambeth, Islington to Brent, the report reveals how Workspace
is driving local impact in a global city. 37% of Workspace customers live
within three miles of their chosen Workspace building and collectively spend
£900,000 each week in their local areas, helping to sustain high streets and
small businesses.

 

Rooted in a model of adaptive reuse and sustainable regeneration, Workspace
has transformed over 1.2 million sq. ft. of historic London buildings over the
last ten years into vibrant, future-fit work spaces. These buildings serve not
just as work spaces, but as social infrastructure - with 34 cafés, 16 health
facilities, and 135 shared community spaces, all open to customers and local
residents alike.

 

The sense of community runs deep at Workspace. Regular events and a
collaborative atmosphere mean that nearly 20% of customers trade with one
another, forming a powerful network of London's brightest businesses.

 

The report's findings underscore Workspace's commitment to enabling a fairer,
flatter London - fairer, by creating accessible, affordable spaces where more
people can participate in the city's success; and flatter, by expanding
opportunity beyond the city centre, supporting enterprise and community in the
boroughs where it's most needed.

 

With nearly 4,000 fast-scaling businesses across 20+ sectors now calling
Workspace home, the Group remains focused on strategically investing in
high-quality, sustainable buildings that fuel London's growth from the ground
up.

 

Sonal Jain, Workspace's Head of Sustainability, commented:

"For nearly 40 years, Workspace has played a unique role in powering SME
growth, creating sustainable, accessible and affordable spaces where more
people can participate in London's success. We believe that when our
communities thrive, so do we. And that's why we continue to invest in local
people and places to help shape a fairer, flatter London."

 

Explore the full report to learn more about Workspace's impact here
(https://www.workspace.co.uk/getmedia/ad03d581-e6b4-4750-b08b-95bc9c6d5555/wsp1945-socio-economic-report-2025_v4.pdf)
.

 

ENDS

 

 

 

For media and investor enquiries, please contact:

 

Workspace Group
PLC

Clare Marland, Head of Corporate
Communications                                       020
7138 3300

 

FGS Global

Chris
Ryall
020 7251 3801

Emma Black

 
 

 

Notes to Editors

 

About Workspace Group PLC:

 

Workspace is London's leading owner and operator of flexible workspace,
managing 4.3 million sq. ft. of sustainable space with 73 core locations in
London and the South East.

We are home to some 4,000 of London's fastest growing and established brands
from a diverse range of sectors. Our purpose, to give businesses the freedom
to grow, is based on the belief that in the right space, teams can achieve
more. That in environments they tailor themselves, free from constraint and
compromise, teams are best able to collaborate, build their culture and
realise their potential.

We have a unique combination of a highly effective and scalable operating
platform, a portfolio of distinctive properties, and an ownership model that
allows us to offer true flexibility. We provide customers with blank canvas
space to create a home for their business, alongside leases that give them the
freedom to easily scale up and down within our well-connected, extensive
portfolio.

We are inherently sustainable - we invest across the capital, breathing new
life into old buildings and creating hubs of economic activity that help
flatten London's working map. We work closely with our local communities to
ensure we make a positive and lasting environmental and social impact,
creating value over the long term.

Workspace (WKP) is a FTSE 250 listed Real Estate Investment Trust (REIT) and a
member of the European Public Real Estate Association (EPRA).

 

Workspace® is a registered trademark of Workspace Group Plc, London, UK.

 

LEI: 2138003GUZRFIN3UT430

For more information on Workspace, please visit www.workspace.co.uk
(http://www.workspace.co.uk)

 

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