Affordable workspace for Dalston: Bradbury Works open for business
Small businesses in Dalston will benefit from more genuinely affordable workspace after the official opening of brand new Bradbury Works in Gillett Square.
The project by Hackney Cooperative Developments CIC – a not-for-profit community interest company that supports local traders and social enterprises – has created low-cost spaces to help existing businesses stay in the area as part of the redevelopment of the Council-owned site in Bradbury Street.
Bradbury Works includes over 1,000 sqm of new and refurbished affordable workspace and 10 upgraded retail spaces, ringfenced for local, independent businesses.
The project has been delivered using £1 million in Mayor of London investment. The Council provided a £200,000 loan towards the scheme and granted a 125-year lease on the land.
Providing affordable workspace for local people is a key priority for the Council and this includes using our own land, buildings and assets for this purpose in our town centres wherever possible.
We are delighted to see the completion of the Bradbury Works project in Dalston, a real labour of love for both HCD and the Council, using £1 million in Mayor of London investment and including over 1,000 sqm of new and refurbished affordable workspace and 10 upgraded retail spaces, ringfenced for local, independent businesses.
We are committed to supporting the growth of our local co-operatives like HCD, and have recently pledged nearly £70,000 in our budget to support the sector to grow and flourish in Hackney.
The project is the latest initiative in the Council’s commitment to deliver on the priorities identified by around 5,000 local people in the Dalston Conversation, the Council’s biggest ever place-based engagement exercise, following the completion of a £1 million upgrade at Ridley Road market.
HCD supports the creation and growth of co-operatives and social enterprises through programmes such as its Pioneering Social Enterprise in Hackney initiative. Hackney Council recently committed £67,000 to support the setting up of cooperatives in Hackney as part of its 2023-24 budget.