|Blenheim Court is one of 20 buildings that will offer low cost flexible space to startups|
The government has revealed 20 government buildings standing empty which will be made available for entrepreneurs in the early stages of growing their businesses.
The government says it is working with landlords to offer the space at a low cost. The intention is to open up the properties on flexible, short-term arrangements.
The closest building to Cambridge lies within the Greater Cambridge Greater Peterborough local enterprise partnership (GCGP LEP) at Peterborough’s Blenheim Court.
However, the challenge now is to find incubation and business start-up organisations which can help new and existing small businesses to manage and allocate these spaces, presumably groups such as ideaSpace Enterprise Accelerator and Future Business.
The 20 buildings represent over 200,000 sq ft of space and are spread across 18 locations including London, Colchester, Rugby, Leeds, Runcorn, Birmingham, Oxford and Bristol. According to the announcement, the UK government has exited over 900 properties since May 2010.
They are generally buildings where it is not possible to sell or exit the lease immediately once the space has been vacated.
Anyone interested in managing the spaces can register their interest at www.contractsfinder.businesslink.gov.uk. The process will be open until 29 June 2012.