Press Release

Regeneration of iconic London building to provide affordable and sustainable workspace for ‘green’ startups in the city

A ground-breaking social enterprise which provides affordable desk space for sustainability-focused organisations has secured £3.4 million of investment from Big Issue Invest (BII) and £1.45 million of investment from Lambeth Council to transform the 5th floor of County Hall, which currently sits derelict.

Photo Caption: Danyal Sattar - Big issue Invest CEO (left), Councillor Claire Holland - Leader of Lambeth Council, Andrew Wordsworth (right) and James Byrne, (second right) – Sustainable Ventures. Pictured at plaque unveiling at Sustainable Ventures hub at County Hall London.

Photo Caption: Danyal Sattar - Big issue Invest CEO (left), Councillor Claire Holland - Leader of Lambeth Council, Andrew Wordsworth (right) and James Byrne, (second right) – Sustainable Ventures. Pictured at plaque unveiling at Sustainable Ventures hub at County Hall London.

  • Sustainable Workspaces are being supported by a £3.4 million investment by Big Issue Invest’s Social Enterprise Investment Fund II and a £1.45m investment from Lambeth Council
  • Big Issue Invest and Lambeth Council’s funding will support the refurbishment of the 3rd and 5th floors of the iconic County Hall building located in Waterloo into a 600+ desk co-working space
  • Deal will see creation of more than 4,000 green innovation jobs through the support of 1,000 businesses by 2025

Today, (Monday, 20th December), a ground-breaking social enterprise which provides affordable desk space for sustainability-focused organisations has secured £3.4 million of investment from Big Issue Invest (BII) and £1.45 million of investment from Lambeth Council to transform the 5th floor of County Hall, which currently sits derelict.

The news of the investment comes as Sustainable Ventures (SV) marked the opening, on 30th November, of its third workspace in London on the 3rd floor of the iconic County Hall.

Founded in 2011, SV offer affordable desk space, event space, and commercialisation and growth support services to over 50 organisations operating in the social and green economy sectors.  SV typically redevelop derelict industrial sites into co-working spaces using sustainable materials and design principles.

County Hall, SV’s largest workspace to date, provides affordable space for new companies innovating in climate tech or green business, in an unrivalled location directly opposite Parliament and the heart of policy. Empty for over 35 years, SV, BII and Lambeth Council have signed a £5 million (including SV contribution) partnership to develop the 3rd & 5th floors of County Hall, targeting the creation of more than 4,000 green innovation jobs through the support of 1,000 businesses by 2025.

BII made the most recent investment of £3.4m from its Social Enterprise Investment Fund II (SEIF II).

Cllr Claire Holland, Leader of Lambeth Council: “We are extremely pleased to be heavily involved in supporting the development of Europe’s biggest cleantech hub at the iconic County Hall by investing in the site alongside Big Issue Invest. Lambeth is fast becoming the home of cutting-edge, low-carbon businesses and our partnership with Sustainable Ventures to create this vital space for entrepreneurs will create vital skilled green jobs for our residents.”

Danyal Sattar, CEO of Big Issue Invest said: “Sustainable Ventures is a key organisation supporting early- stage social enterprises and one of only a few impact focused co-working spaces. We are so pleased to be able to provide the opportunity to invest in an organisation that is both asset backed and focused on supporting the social market”

Jonny Page, Investment Director at Big Issue Invest said: “Sustainable Ventures has been a brilliant partner of ours and we are delighted to build on that with, at £3.4m, one of our largest investments to-date from the Social Enterprise Investment Fund II. This is a game-changing organisation leading the way in social and green innovation. I would like to thank our legal partners, Ashurst LLP, who through their expert support, has made this possible.”

James Byrne, partner of Sustainable Ventures said, “The politicians haven’t done nearly enough, the next decade of delivery is crucial. The only way forward is to demonstrate larger green job growth giving the government greater scope to go further, faster, by supporting startups to scale their commercial success”.

For more information, please visit www.bigissueinvest.com or www.sustainableworkspaces.co.uk.

Support the Big Issue

For over 30 years, the Big Issue has been committed to ending poverty in the UK. In 2024, our work is needed more than ever. Find out how you can support the Big Issue today.
Vendor martin Hawes

Recommended for you

View all
“I knew I was miserable but to say I’d rather be dead? It hurts me that my younger self didn’t see a future.” Actor Liz Carr’s lightbulb moment that changed her life
Liz Carr
Press Release

“I knew I was miserable but to say I’d rather be dead? It hurts me that my younger self didn’t see a future.” Actor Liz Carr’s lightbulb moment that changed her life

Big Issue Group supporting 10% more people to earn and work as UK poverty crisis deepens
Street vendor Will Payne reads the Big Issue - Credit Exposure Agency
Press Release

Big Issue Group supporting 10% more people to earn and work as UK poverty crisis deepens

“We demand an end to poverty”: Big Issue Group lay out policy calls to political leaders ahead of General Election
Press Release

“We demand an end to poverty”: Big Issue Group lay out policy calls to political leaders ahead of General Election

Big Issue founder John Bird leads Lords in debate on child poverty
Press Release

Big Issue founder John Bird leads Lords in debate on child poverty

Most Popular

Read All
Renters pay their landlords' buy-to-let mortgages, so they should get a share of the profits
Renters: A mortgage lender's window advertising buy-to-let products
1.

Renters pay their landlords' buy-to-let mortgages, so they should get a share of the profits

Exclusive: Disabled people are 'set up to fail' by the DWP in target-driven disability benefits system, whistleblowers reveal
Pound coins on a piece of paper with disability living allowancve
2.

Exclusive: Disabled people are 'set up to fail' by the DWP in target-driven disability benefits system, whistleblowers reveal

Cost of living payment 2024: Where to get help now the scheme is over
next dwp cost of living payment 2023
3.

Cost of living payment 2024: Where to get help now the scheme is over

Strike dates 2023: From train drivers to NHS doctors, here are the dates to know
4.

Strike dates 2023: From train drivers to NHS doctors, here are the dates to know