1920-0186 – AFWCC – 250 City Road Affordable Workspace

The Concession Agreement for services is a commercial contract where the contracting authority entrusts the provision and the management of services to the economic operator and the consideration consists of either solely the right to exploit the services that are the subject of the contract or of that right together with payment. The operating risk sits with the concessionaire which means that there is no guarantee of breaking even on investments and costs incurred. It is envisaged the space will have a positive impact on local people, job creation, businesses, wider communities, and the environment. The role of the Operator expands beyond the management of the physical space, they are required to build and sustain connections with communities to ensure local people benefit from this investment. The space will play an active role in supporting the development of the wider business ecosystem, through engagement initiatives, business support and promoting the Council’s ambitions for an inclusive and sustainable economy. In collaboration with the Council, partner organisations and the wider community the Operator will facilitate the development of real employment, skills and training opportunities for residents and young people in Bunhill, with a particular focus on under-represented individuals and groups to allow them to train, forge relationships, start a business and find quality work. For further details and access to the procurement documents, please see the London Tenders Portal contract 1920-0186 – AFWCC – 250 City Road Affordable Workspace.