A NEW incubator space for start-ups and smaller businesses has been created at a business hub in York.

Property group CEG has created the new space alongside existing offices housed within three four-storey buildings at Westminster Place, at York Business Park in Nether Poppleton.

The fully-furnished space will offer space for one to ten people, and will be ready for new occupiers to move in, plug in and start work on the same day.

Incubator tenants will share meeting rooms, kitchen facilities and the communal break out space, helping to create a collaborative business community.

Alice Garrett, investment manager at CEG, said: “The new incubator offer will work as well for a new start-up as it will for an established company needing additional project space or a new regional base.

“With no upfront costs and a set monthly fee, it provides easy budgeting and the short term flexible leases provide peace of mind for businesses trying to manage its growth in the post-Covid world.”

CEG is also appointing a new community manager, who will manage the site and work with tenants, encouraging networking and collaboration.

They will organise events and activities as well as providing information and support services designed to help a company grow.

The incubator space will complement the Let Ready Studios which offer grow-on space for teams of six to 60 people, with fully-fitted, cabled and furnished offices of up to 5,000 sq ft.

Alex Hough, workspace manager at CEG, said: “Let Ready has been a phenomenal success at Westminster Place.

"The incubator space means we can help foster the growth of entrepreneurs from start-up to expansion on-site as the company flourishes.

“It is the most flexible space in the city from lease length and size of space, to the ability to move into a contemporary fully-furnished office or design a bespoke fit-out with the help of the in house team.

“We are providing the full complement of tenancy options from start-up to larger employers looking for quality, easy to access, out-of-town premises.”

Westminster Place which is set in landscaped grounds with on-site parking and a cafe was sold by commercial property consultancy Belfinger GVA, acting on behalf of Mandale Group, for £4.65 million to investors in 2015, with CEG appointed as the managing agents.