Case study

Maidenhead co-working and office space gets expansion loan

Maidenhead-based co-working and office space firm MyWorkSpot secured a £280,000 expansion loan as it looks to grow.

MyWorkspot has been in operation in the area since 2017, providing flexible workspaces with more than 10da0 established businesses, start-ups, and corporates.

Its clients range from start-ups to employees of global brands including Google, Microsoft, Rack Space and Lexis Nexis.

The company has been backed by the Berkshire Funding Escalator, which has helped it fit-out and launch a new site at York House in Maidenhead town centre.

Co-founder Will Ballantyne said: “We are a ready-made community for solopreneurs and freelancers, providing a supportive network as well as high quality workspaces.

“Our new office on York Road is spread over three floors and can offer drop-in spaces, hybrid working options or a permanent private office space.

“This funding will support the fit-out phase of our development and ensure all needs are met to exacting standards.”

Alison Webster, chief executive of the Berkshire LEP, added: “We’re delighted that MyWorkspot is responding to the changes brought about by the pandemic and delivering this high-quality flexible office space to meet the needs of local businesses both now and in the future.

“By focusing on funding opportunities for local growth and inward investment, the Berkshire LEP is helping businesses like MyWorkspot to deliver the right environment for businesses to grow and create more high-quality jobs in Berkshire.”

Berkshire Funding Escalator is an £11.3m initiative funded by the Berkshire LEP. It includes an Expansion Loan Scheme, a Trade Finance Loan Scheme and a Growth Equity Fund.


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