> THE HIVE

BEING A ‘GREEN’ BUILD, DEMONSTRATES COMMITMENT TO TACKLING CLIMATE CHANGE WHICH IS FURTHER CEMENTED BY THE FACT THAT THE HIVE IS WORKING TOWARDS B CORP ACCREDITATION

The Hive provides innovative, fully serviced and modern workspace coupled with the best resource for business advice and support all designed to meet the needs of start-up and growing businesses in North Somerset.

Opened in 2014, The Hive is a dynamic economic development tool in the heart of the Junction 21 Enterprise Area based in Weston-super-Mare, which in its first five years of operation is estimated to have generated circa £18m net within the local economy.

The Hive enables 24 hr access to tenants and has a full-time on-site manager and reception facility. It has 3 well-equipped training rooms of varying sizes and a business lounge where tenants and other businesses can network daily. The workspace is let on an easy in easy out basis, has superfast broadband, electric car charging facilities, showers and a bicycle pool/bicycle storage.

The Hive can accommodate up to 60 individual offices. It is built to BREEAM excellent standards, incorporating many energy efficient measures which makes for a comfortable working environment for
tenants and visitors, whilst keeping premises costs down.

The Hive, being a ‘green’ build, demonstrates commitment to tackling climate change which is further cemented by the fact that The Hive is working towards B Corp accreditation which it hopes to achieve in
early 2021.

The Hive is a social enterprise which enables any surplus made to be recycled back into local business support services through its parent company the North Somerset Enterprise Agency LTD.

North Somerset Enterprise Agency Ltd (NSEA) is itself a not for profit, community enterprise, with social objectives that has been trading successfully since 1987 across the North Somerset area.

The company’s mission is to support businesses who want to start up and grow whilst encouraging them to have a positive social and environmental impact on the community within which they live and work. It does this by providing pre-start, new and existing, micro/small and medium-sized businesses, with impartial business information, 1-1 advice, training and support services that have a genuine community focus.

NSEA’s aim is to stimulate the creation of enterprise in all its forms, helping to generate new jobs, support a diverse local supply chain and contribute to a successful local economy.

Starting from humble beginnings North Somerset Enterprise Agency with its innovatively designed bespoke workspace The Hive, is both an innovator and an innovation enabler.

As an example, in 2014 when The Hive opened NSEA helped a local R&D company start-up after an employee buyout. The company became a tenant at The Hive and the initial team of 4 have now expanded to 13.
NSEA still supports the business today as they navigate growth successes and challenges North Somerset Enterprise Agency and The Hive have a long track record of collaborating across the public, private and voluntary sector to enhance business support, improve infrastructure and deliver on the skills agenda. There is very active partnership working amongst stakeholders in the area which has been nurtured over many years and provides a springboard for innovative projects to flourish.

Since The Hive opened its doors in 2014 key milestones include a return on investment of £4.50 for every £1 invested, 100% occupancy by year five, 200 tenant jobs supported, over 600 new businesses started, over 700 new jobs created, 5000 1-1 advice sessions delivered and 43000 conference and workshop attendees.

Plans for the future include the construction of another wing of The Hive to deliver up to 40 additional new offices. This already has planning permission. The hope is to deliver other bespoke serviced incubators across the North Somerset area and beyond as the opportunity arises.

NSEA Property Services (The Hive)

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