What’s a Licence?

How is a licence different from a lease?

A licence provides greater flexibility than a lease and tends to be more suited to small growing businesses with changing space requirements. Whereas a lease normally requires a long-term commitment, protracted negotiations, and hefty legal fees, Innovation Centre licences are issued on a renewable, six-monthly basis with only a month’s notice required.

Is a licence more expensive than leased office space?

No, a licence can save you money. Lease rentals only cover the space itself. The hidden costs include maintenance, security, decoration, ICT infrastructure and cabling, cleaning, light, heat, power, business and water rates, service charges, and so on. At the Innovation Centre, the licence fee includes all of these costs which means no need to keep track of a multitude of bills.

How much does a licence cost?

That depends on the type and size of space you require. Prices start from as little £300 + VAT pcm. Why not use our handy cost calculator to compare costs?

What does the monthly licence fee include?

• Rent
• Business rates
• Light, heat, power, and water
• 24/7 access, 365 days a year
• Free parking
• Easy-in/out occupation allows for short term lets
• Shared reception and meeting space
• Shared kitchen facilities on every floor
• On-site management
• Building structure fully insured; repairs and maintenance covered
• ICT infrastructure including CAT6 cabling making units network ready
• Building security and alarms
• Office cleaning