BRITISH-based companies are Brexit-proofing their business by setting up co-working space in Northern Ireland, according to leading provider
Glandore, which operates flexible working space in Cork, Dublin and in Belfast's Arthur House, has reported a strong increase in demand from UK firms as a direct result of the ongoing Brexit uncertainty.
Since the start of the year almost two thirds (64 per cent) of enquiries received by the flexible working space provider in Belfast has come from British companies or those from further afield.
Glandore's business in the Republic has also noted significant interest shown from firms in the north, primarily Belfast-based companies, who are looking to open a Dublin satellite office.
In the last month alone three Belfast member companies have taken up a virtual office and flexible workspace at Glandore in Dublin ahead of the official Brexit withdrawal on March 29.
There has also been an influx of enquiries related to project work from large organisations, who by their very nature require flexible office space.
Glandore managing director, Michael Kelly said Brexit uncertainty is fuelling demand for flexible working space.
"We’re still no clearer as to what kind of deal will be agreed and there is the likelihood of a no-deal scenario. With that still a possible outcome, we are getting enquires daily about availability at our nine offices across Ireland," Mr Kelly said.
"For most, it is business as usual, but companies are planning for all eventualities and Glandore can offer flexible workspace to ensure businesses can continue to operate no matter the outcome. The costs of doing business in Belfast are considerably lower than cities like London and businesses are waking up to that in the countdown to Brexit.”
Established in 2001, Glandore is a family owned business, which has a total of more than 3,000 desks between nine office locations in Belfast, Cork and Dublin.
International companies who started their Irish operations in Glandore workspace include Worldpay, Rapid 7, Facebook, Twitter and Dropbox, while overseas investors such as Tullet Prebon, Cayan, Bamboo Rose and Bazaarvoice are among the current or former members of its offices in Belfast.
