Co-working spaces top the bill for “coolness” and productivity

CoWorkSchop in Edinburgh dubbed one of UK’s coolest co-working spaces by AXA PPP Healthcare in new infographic 

Edinburgh’s CoWorkSchop on Saint Mary’s Street has been dubbed one of the coolest co-working spaces in the UK by AXA PPP Healthcare, which has released new insights into why member-based professional working hubs are so important for productivity in the workplace.
AXA says that, finding the right work environment for startups, entrepreneurs and the self-employed can be an expensive and lonely journey and has published the below infographic on how spaces such as CoWorkSchop are breaking the mould.
AXA says that co-working spaces – defined as membership-based workspaces where diverse groups of freelancers, remote workers and other independent professionals work together in a shared, communal setting – are now popping up all over the country and transforming the small business office dynamic.
It claims that as well as trendy open plan environments, with hot desks and access to meeting spaces, many feature free extras like endless tea and coffee, superfast Wi-Fi and a range of inspiring ways to co-operate and interact with fellow coworkers, the unique set up means that, as well as planned community events, (and unlike traditional office spaces) there is an atmosphere that’s relaxed yet professional, collaborative and creative, with community at its core.
It says not only does sharing a working space with fellow entrepreneurs, freelancers, self-employed give more control over working lives, it also provides cost effective, social workspace that can massively help those starting up in business and those looking to expand without renting office space.
It points to research from Small Business Labs, which found that the number of people renting these types of spaces will grow globally from just under 1m in 2016 to nearly 4m in 2020.
AXA says that brands such as Starbucks are encouraging people to use its space to co-work, with the ultimate goal to become what they have coined as the Third Space, ie Home, Work and Starbucks.
Mike Davis, Head of SME at AXA PPP Healthcare, said: “A flexible modern working environment where employees can flourish is key to building and maintaining a high-performing workforce and, at the same time, it safeguards your business from the costly risk of losing valuable people.”