A new business incubator is set to open in Leith within weeks, targeted at creative and digital enterprises. Located in the former Corn Exchange building on Constitution Street, and dubbed “Creative Exchange,” the initiative has been put together by the City of Edinburgh Council.
The building is being made ready for the new tenants after laying largely empty for around a year.
When finished, council officials say that there will be space for up to 80 small businesses, with each paying upwards of £350 per month for desk space.
To date, 18 small businesses have shown an interest in the site, with one unnamed business, signing up to take 1000sqft.
Leith is already home to a large number of creative businesses, and council sources say that the hope is that the incubator could help to bring together a cluster of like-minded businesses that may one day end up being dubbed “silicon dock.”
The Edinburgh College has also signed up to provide additional staffing and facilities at the Incubator, said to be worth up to £250,000 per year, whilst a council report suggests that the new building will also be made available to community and social enterprises too.
Although there is no website for the project up yet, there is a twitter account.
— Creative Exchange (@CExchange) April 18, 2013
There’s also been no official press release yet, but you can find out more background to the project in this council report.