Affordable housing provider Peabody and workspace provider The Trampery, announced a new kind of all-in-one facility to support London’s creative and technology entrepreneurs.

London is one of the world’s most desirable destinations to start and grow a business. However the rapidly rising costs of housing and office space pose a serious challenge for new entrepreneurs seeking to base themselves in the city. If rents continue to rise at current rates there is a risk that London’s thriving startup and creative ecosystem will cease to exist. That would be a disaster for London’s long-term economy and culture.

Peabody and The Trampery are setting out to address this challenge with a new kind of integrated development that offers entrepreneurs a place to live, a place to base their business, access to shared facilities and support to grow their business. The project is being developed on a six-acre site in Hackney Wick, East London, under the name Fish Island Village.