Industry News | 02.08.2016
A young, Edinburgh-based entrepreneur has launched Codesk, a new co-working facility which will provide flexible office space for technology start-up and small businesses which require a supportive and nurturing working environment.
Based in Edinburgh’s Techcube, Codesk provides a well-appointed working space for up to 42 small businesses offering clients a dedicated workstation area, meeting room access, internet, IT and other essential support facilities.
The new venture is being run and financed by Hugh Caldwell, an entrepreneur who started his own IT business, Texaport, from within Techcube in 2012. While Techcube will continue to provide hot-desking for its clients, Codesk’s spacious, open-plan facility is specifically designed for co-working which enables small companies and entrepreneurial individuals to operate their businesses within a shared space where they can tap into the existing tech and start-up community currently operating in Techcube.
According to research* from the US, where co-working is well established, 40 per cent of the workforce will be freelancers, temps and so-called ‘solopreneurs’ by 2020. It also reported that 70 per cent of Americans who operated from a co-working space felt healthier than they did when working from a traditional office.
Launching his new venture, Hugh said: “Codesk offers a great working environment where individuals can operate their technology businesses within a community and share the experiences and expertise of other like-minded people. The space is designed to be both professional and sociable so people can focus on work but also benefit from the support and inspiration they can offer one another.
“While Codesk can be an ideal base for a wide range of business sectors, being based within Techcube enables us to provide an ideal platform for technology companies to gain further leverage from expertise which is currently available there.”
Hugh’s longer term vision is to roll out the Codesk model to other parts of the UK. “With Co-working becoming an increasingly popular and effective option for start-ups and small business operators in the US, there is an opportunity to do more to promote its benefits here,” he said.
“With the launch of this initial premises in Edinburgh, we have created a business platform which I’m keen to potentially roll out in Glasgow and then to other major cities across the UK.”
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