Work has begun on building a new state-of-the-art workspace in Southwold.
The land, on the corner of Station Road and Blyth Road, will be transformed into The Hub, a shared business community development for the town.
It will be run by business support and training provider MENTA and will be the third facility across Suffolk using the model.
Will Windell, mayor of Southwold, said: “This has been a real labour of love as this is exactly the kind of facility Southwold needs and it’s been in the melting pot for a long time.
“We look forward to supporting our existing businesses and residents, but also welcoming new people to the town and watching new projects and collaborations roll out.
“The Hub will bring people together and provide a centre for business.
“It will provide a space for the community to unite and work together, be a place of support for businesses and give help to those who might be trying to access grants or funding.”
Alex Till, CEO of MENTA said: “We have had great success with two initial co-working spaces in Felixstowe and Bury St Edmunds.
“The key is that The Hub is inclusive for all, whether people live in the town or not, work independently, or as part of a team, or just need space or business advice and training.”
The project is part of a wider plan for Southwold, encouraging future growth and a continuing legacy to attract new visitors and residents all year round and to move away from a reliance on tourism.
The plans are in line with East Suffolk’s Growth Plan for 2018-2023, which states the need for a more diverse economy with space for community initiatives and increased micro and SME business provision.
Craig Rivett, East Suffolk Council’s Deputy Leader and cabinet member for Economic Development said: "This is a welcome addition to Southwold and brings together the aims of the council’s Growth Plan all under one roof.
"We are delighted to support the project and look forward to seeing it come to fruition."
The hub will offer a welcome alternative to home working and the opportunity to be part of a business community.
Tenancies will be available on both a physical and virtual basis.
It has been spearheaded by Southwold Town Council and made possible by grants from The Coastal Communities Fund, Suffolk Growth and supported by partners East Suffolk Council.
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