Majority of UK’s small businesses would opt for coworking spaces ⁰

Almost three quarters (72 percent) of small businesses in the UK believe coworking spaces are the ideal environment to base a start-up. Although the research was carried out by Regus, which happens to provide just that sort of workspace, the research did detect some strong preferences from small businesses that suggests sharing office space is the best solution for fledgling firms to thrive. When asked about the benefits of coworking compared to other workspace options, more than eight in ten respondents (83%) from the research, which canvassed the opinions of over 2,600 UK-based small companies, claimed it was a much more cost-effective alternative to a fixed office. The opportunity to meet other entrepreneurs (70 percent) was also identified as a major plus point, with 63 percent believing that shared space provides more inspiration than a traditional office setting and 61 percent saying that this kind of workplace offered a more creative environment that regular offices.

Richard Morris, UK CEO at Regus said: “Meeting other entrepreneurs is critical to creating lasting business relationships and expanding your business. Coworking is a great way to expand your network of professional contacts, access invaluable advice and inspiration and raise the profile of your business.”

More than half of the respondents (54 percent) said that coworking spaces provides more stimulus to keep skills fresh, with 62 percent believing that coworking provides new business/ project opportunities.

Two fifths also thought that co-working helps in keeping up–to-date with industry news; but with the proviso there is no over sharing says Morris.

“Businesses still require privacy, particularly when formal meeting space for important client meetings is needed. While coworking spaces bring many benefits, meeting-room options are also essential. Businesses are looking for a flexible mix of workspace in order to tackle everyday business tasks professionally and effectively.”