Posted on: 15 February 2016
Walk into any city centre coffee shop and you’ll find a host of people working on laptops, tablets and smartphones. This is the simplest form of co-working: the idea of individuals or groups from different businesses working together in the same area.
Co-working spaces (or hubs) take this concept further, creating an entire workplace community for individuals and small businesses to work in, with emphasis on encouraging the sharing of ideas, knowledge and experience.
Sara Turnbull is the founder of the Bootstrap Company – a social enterprise which supports small businesses and young entrepreneurs in London - and co-chairs The London Open Workplace Providers Group, “Broadly, co-working is all about what kind of a place you want to work in. It’s really down to whether you simply want a place or desk to work from or if you are looking for support, training or access to shared services.”
The beauty of co-working is that each space is unique and will have an appeal which attracts a certain demographic. At the end of 2014, there were nearly 6000 co-working space available around the world with around 300,000 people using them.1
Compare business insurance
The information and tools contained in this guide are of a general informational nature and should not be relied upon as being suitable for any specific set of circumstances. We have used reasonable endeavours to ensure the accuracy and completeness of the contents but the information and tools do not constitute professional advice and must not be relied upon as such. To the extent permitted by law, we do not accept responsibility for any loss which may arise from reliance on the information or tools in our Insight Hub.