A business center at Roundswell Enterprise Park in Barnstaple has expanded its premises to meet the high demand for modern, flexible office space among North Devon businesses and entrepreneurs.
Node Cowork on Enterprise Road offers rentable office space, coworking space and coworking, and expert business support to promote entrepreneurship in Barnstaple and support the local economy.
The space opened its doors to members for the first time in October 2021. It has since surpassed 50 members in its open coworking space and its small office suites have reached almost full capacity, with an additional 150 people occupying the private rooms.
The Node team also specializes in business support and has hosted fully funded events including corporate expos, Accelerators for high-growth businesses and Startup Clubs for anyone looking to start a new business. Since its launch, hundreds of business owners and budding entrepreneurs have been armed with the expert knowledge they need to thrive in business and grow their businesses through the regular support program on offer.
The extension of the building will consist of large flexible office spaces for rent with a meeting room, kitchen and private facilities totaling 5,780 sqm. The £2.1 million extension to the building was funded by investment from the European Regional Development Fund (ERDF) and Heart of the South West Local Enterprise Partnership.
Node Cowork is operated by coworking and business support specialist Town Square Spaces Ltd (TownSq) on behalf of Devon County Council.
Node’s Community Manager Julian Dymond said, “It’s a hugely exciting new chapter for the space to now grow both physically and in membership. In less than two years since launch, we are so proud to see Node thriving with so many employees enjoying the space every day and we look forward to welcoming even more amazing companies and entrepreneurs to our community.
“The fact that we have reached the capacity of the original space so quickly is testament to the huge demand for businesses in North Devon to be able to work flexibly and in a modern environment where small teams or individuals are not isolated from like-minded people. We hope the new space will enable even more local businesses to adopt this way of working and reach new heights through the fantastic networking and collaboration opportunities that come with being located in a busy business centre.
“As Node has grown out of its own four walls, here we see emerging companies that regularly want to expand their workspace to accommodate larger teams or more clients. To now offer new, larger offices seems like a natural next step to ensure we can continue to support growing businesses and provide a place to continue their journey.”
Councilor Rufus Gilbert, cabinet member of Devon County Council for Economic Recovery and Skills, said: “The center extension is an exciting development for the project. Node’s success shows the high demand for high-quality workspace across the country. The first phase has exceeded expectations and continues to grow from strength to strength, providing vital business support for local SMEs.
“The additional space complements the existing offerings at Node by providing high-quality growth space for expanding SMEs to move into. The building has been designed to meet high environmental and energy efficiency standards.
“It is key to the wider business support in Devon and our ambitions to provide local start-ups and SMEs with the right support and opportunities as we develop a stronger, more inclusive and sustainable economy.”
Karl Tucker, Chairman of the Heart of the South West LEP, said: “It is great to see Node’s expansion at Roundswell Enterprise Park completed, which will provide a fantastic high-quality workspace for local SMEs and boost their business growth. to support. We are pleased to have supported the project through our Growth Fund, contributing to the creation of local highly skilled jobs and improving economic productivity and prosperity in the area.”
For more information about Node or to book a tour, visit nodecowork.co.uk or contact the hub at firstname.lastname@example.org or 01271 452442.