06 Nov The State of Freelancing & Coworking in the UK
The Freelance Movement is Driving Co Working
The Office for National Statistics (ONS) reports that since 2008, the number of self-employed people in the UK has risen by almost 700,000 – from 3.8 to 4.5million. The Bank of England also report that one in seven people now work for themselves!
It’s no surprise, then, that the growth of co working is in line with this trend. As more people start working from home, more people crave the community feeling that they lose when they leave an office. Many freelancers report an experience of isolation and loneliness when starting up by themselves. Gone are the Monday morning chats, the Christmas parties, the lunchtime debates and the silence can be crippling to productivity and feelings of wellbeing.
Here’s Where Co working Steps in!
Co working came to the UK in 2005, and studies have shown that since 2006, the amount of co working spaces have roughly doubled per year as demand continues to grow. It’s estimated that in 2017, over a million individuals are using co working spaces worldwide, with this number set to continue to grow over the coming years.
Why Co working?
Co working is not just about a physical place to get work done – away from the distractions of home – but a community feel amongst a group of lone riders.
And whilst some freelancers turn to their local coffee shop or library to get their work done, there’s only so many lattes you can drink or phone calls you can take with the espresso machine grinding in the background. The coffee shop also doesn’t provide the kinship that working alongside fellow creatives and business owners does.
Co working in London and the UK
Whilst co working begun in San Francisco in the 90s and has since taken off all over the world, the UK is certainly among the most responsive European country to co working. There are now more co working companies in London than any other city in the world!
The boom in co working has certainly been fuelled by the gig economy, but it’s also been driven by London’s thriving technology sector. Now that so many jobs can be done with just a laptop and mobile phone, location and the hours in which a worker works are less important. As traditional work patterns change, employees are noticing that a shorter commute and more inspirational workspace also increases their feelings of satisfaction at work.
London’s Old Buildings are Benefitting from Co Working, too
Co working has had a bonus benefit for London; the re-use of abandoned buildings. According to DeskMag’s latest Global Co working Survey, 42% of co working spaces in London are located in buildings that are 50 years old+.
As you can see, there are so many benefits to co working, both to freelancers and the economy! Want to find out for yourself why co working in London is thriving? Contact us and set up a free co working trial day today.