Social enterprise creates new workspace in Dundee’s new innovation park
The Circle, which rents work and event space to social enterprises, charities and community groups, has announced its move to the new Michelin Scotland Innovation Park (MSIP) in Dundee, where it will rent nearly 7,000 square feet of space.
The facility will add to its existing sites at Dudhope Castle in Dundee and Westwood Business Center at Easterhouse in Glasgow, and bring the total amount of space it manages in the two cities to around 50,000 square feet. .
The expansion comes amid a significant recent increase in the number of businesses registering as social enterprises and The Circle said many are considering new ways of operating and sharing premises with like-minded organisations.
Dudhope Castle is now full and the number of tenants at Easterhouse Glasgow has more than doubled in the seven months since The Circle took over the building.
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Kirsty Thomson, founder and chief executive of The Circle, said there is a growing demand for “flexible, accessible and rent-fair” workspaces across Scotland.
“The Circle’s move to MSIP Dundee represents an important step in our development as we strive to meet this demand. This is a fantastic opportunity to develop this innovative site for use by community groups, charities and social enterprises.
The MSIP workspaces – which will be located in the former Michelin factory leisure club, known as the Mac Club – will be available on flexible, bond-free, short-term leases. The Circle will also work with Invertay Housing to create additional office modules on the site.
Tenants who have already signed up to move into The Circle at MSIP include charities Togs for Tots and Partners in Advocacy.
The Circle is also behind a social entrepreneurship training program, The Circle Academy, a 12-week online program for individuals, start-ups and organizations who want their business to have an impact. social, while operating in a commercially sustainable way.
The academy is an accredited program focused on developing skills in business planning, governance, finance, marketing, fundraising and presentation – with social impact.
The MSIP is a joint venture between Michelin, Dundee City Council and Scottish Enterprise, created to generate economic growth in Scotland and support a just and fair transition to a net zero economy. The 32-hectare site offers flexible workspace, an innovation campus, skills academy and business support.
Greig Coull, Managing Director of MSIP, said: “It’s a really exciting time for The Circle, with ambitious plans for the future, and I’m delighted that MSIP can be a small part of it.
“The impact The Circle has already had and will continue to have on Dundee and those who live here is incredible. There is strong community interest in the space that was once the recreation club. I’m sure our local community will be delighted to see the space put to good use with The Circle breathing new life into it.