Tuesday, July 7, 2020

Expanding firm moves to Nottingham city tech hub

An expanding financial firm has become the latest business to move into Nottingham’s multi-million pound technology hub created by investment firm Blenheim Chalcot.

Oakbrook Finance, which was set up in 2011 to provide finance to Home Learning College customers, has moved its operation from Lock House on Castle Meadow Road to Accelerate Places Nottingham in Wollaton Street following a deal overseen by Innes England.

The firm moved into Lock House less than two years ago but has experienced significant expansion during that time and in need of additional office space to accommodate its growing team.

Sarah Marriott, of Oakbrook Finance, said: “We are moving to Wollaton Street to optimise our working and taking up great new space as part of an exciting network of like-minded businesses with Accelerate Places Nottingham.

“Oakbrook will have the space and the support to continue its ambitious plans for growth. Innes England has provided us with the service and support to make the move from Lock House – and onto larger premises.”

In a tripartite agreement put together by Craig Straw of Innes England, Lock House will now be home to contractor Willmott Dixon, which has taken over the space previously occupied by Oakbrook Finance.

Craig Straw, Director at Innes England, said: “Oakbrook is a rapidly expanding business and quickly outgrew the space I acquired for them at Lock House – less than two years after taking the space following its initial expansion.

“This was a hugely popular space and there was very strong competition from potential tenants looking to move in, which is indicative of the lack of good quality space available within the city.”

Oakbrook Finance becomes one of six businesses located at Accelerate Places Nottingham, which has ambitious plans to attract the top talent in the region within its space.

Accelerate Places Nottingham is the first technology growth-orientated co-working space in the city and features large break-out areas and collaborative spaces as well as setting aside work space for external members and companies – in addition to housing businesses owned by Blenheim Chalcot.

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