Over 100 businesses under one roof, on flexible terms
Watermoor Point is a six-acre flexible business hub in the heart of Cirencester, combining serviced offices, co-warehousing, self-storage and meeting rooms. It is a working example of exactly what Gloucestershire's Local Growth Plan calls for: affordable, flexible space where start-ups and growing SMEs can put down roots.
The businesses based here, our members, range from one-person start-ups on co-working desks to established firms running offices and warehouse units side by side. Because space is taken on simple monthly terms rather than long leases, members scale up or down as trading conditions change. During a period of institutional change like the move to a single council, that kind of agility is worth as much as any grant.
The site also shows what "community wealth building" means in practice. Members trade with each other, share a cafe and communal spaces, and draw on shared services such as a goods-handling and forklift service for warehouse members, a 1GB leased line and 210 on-site parking spaces. It is a local supply chain in miniature, of the kind the Growth Plan wants to see strengthened county-wide.
The location tells its own story. Cotswold District, where Watermoor Point sits, records the county's best five-year business survival rate at 49.1%, well clear of the England average of 39.3%. Give businesses good space, low commitment and a genuine community, and they tend to last.
"The sense of community here is brilliant, with a welcoming atmosphere that makes it a pleasure to come in every day." Hannah H, Google review of Watermoor Point (rated 5.0)