Teesside SME hub reaches full capacity weeks after launch

A new office scheme in Teesside aimed at startups and SMEs has reached full capacity within weeks of coming to the market.

All five units at the Origin Hub at Wynyard Business Park have been taken by local businesses, including property contractor Complete Property Revival, Halfpenny Accountancy, construction company Balfour Beatty and transformation consultancy Radical Panda.

Northumberland Estates, owner of the business park, recently converted existing space into smaller units ranging from 173 sq ft to 938 sq ft in order to meet a growing demand for flexible workspace suitable for smaller businesses.

Anthony Cape, asset manager at Northumberland Estates, explained: “We were confident there was demand for smaller units such as this, but were surprised at the speed with which they let.

“It’s not just about the size of the office space, but also the flexibility of the lease terms and the convenience of services included. This makes these units less of a risk for a smaller business and easier to budget for.”

Matt Atkinson, co-founder and director of Radical Panda, commented: “When we started our new joint venture we needed more space and started to look around the Teesside area. Origin has proved ideal. We love the high quality of the office spec and having access to the facilities at Wynyard House make it perfect for meeting clients.

“Because the business is growing so fast we already need more space, but are planning to stay on the Business Park and take on a larger unit in due course. Wynyard is proving a perfect location and Origin is an ideal stepping stone for us to grow the business.”

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