For some time, Farringdon has been one of the most influential regions of Central London in which to do business. Its handy proximity to the City of London, as well as the ever-popular creative Clerkenwell district gives Farringdon the edge over many other areas across the capital.
Farringdon has undergone significant investment and redevelopment in recent years in a bid to improve its connections throughout the city. Yet it retains a genuine sense of historic charm, with plenty of 19th and early 20th century buildings still looming large on the area’s skyline.
So, what does the future hold for growing businesses in Farringdon?
Situated in the heart of Islington, Farringdon really is right in the thick of the action when the sun goes down. It’s only a short walk to the Thames and Blackfriars Bridge, while there are plenty of trendy, hipster bars, cafes and resturants off Clerkenwell Road and Old Street. Farringdon has close links with London’s arts scene too, with the Museum of London, the Barbican Centre and the University of Arts London regularly scheduling events and exhibitions throughout the week.
Farringdon is fast becoming a hub for companies in the creative and tech sectors; many of whom choose this part of Central London as their business home due to the increasing investment in connectivity both online and offline. It helps that it’s located on the fringes of the capital’s primary tech hub, Silicon Roundabout, in and around Old Street station. Many of the Workspace® properties located in Farringdon also benefit from award-winning, superfast connectivity, such as The Record Hall, and other properties allowing our customers to work freely and flexibly.
Businesses in Farringdon are very close to the London universities that are based nearby. Both the Queen Mary University of London and the University of the Arts are within a stone’s throw, giving ambitious firms the chance to build valuable links with these institutions and secure promising graduates to take their businesses forward.
Farringdon’s recently redeveloped Victorian train station is one of the best-connected in Central London and it’s soon to become even better connected. Capacity to Farringdon station has been increased, which is music to the ears of businesses wanting to provide their employees with a direct, stress-free daily commute to work. The Circle, Hammersmith & City and Metropolitan lines run through Farringdon on the Underground, meanwhile Farringdon is an important part of the Thameslink programme, connecting the area to destinations as far afield as Hertfordshire within a single change of a train at London St Pancras.
Last year, the vast majority of businesses in Farringdon and throughout neighbouring Clerkenwell voted in favour of a new business improvement programme, designed to maximise business opportunities across the area and give local businesses a voice in shaping the future of the area. This is particularly important given that Farringdon is set to benefit economically to the tune of £42bn once Crossrail is officially unveiled. Farringdon will have a brand-new Crossrail station in readiness for 2018, which will serve the Elizabeth line. This transformation in connectivity will be dramatic – connecting Farringdon and Canary Wharf in just eight minutes, for example.
It’s genuinely an exciting time for any business working in Farringdon today. Improvements above ground and below ground are being made at lightning speed and this winning combination of accessibility and state-of-the-art connectivity is why we have so many popular business spaces here.
On top of The Record Hall, we’ve got Clerkenwell Workshops, right in the heart of the publishing district and 60 Gray’s Inn Road.
If you’d like to arrange a viewing of any of our available offices and studios to rent in Farringdon, please don’t hesitate to email enquiries@workspace.co.uk or give us a call on 02039304665.
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