The Food Exchange: A glimpse inside London’s new co-working hub for food startups
Opportunities for food entrepreneursOnce redevelopment of the New Covent Garden Market had been agreed, Evans realised that to secure its future, the market had to find a way to stay on top of food industry trends and remain ahead of the curb when it came to innovation in the sector. With new investment came an opportunity for the market to play a new role. According to Evans, The Food Exchange was created as a way for the CGMA to begin influencing the direction of the UK food industry, rather than simply reacting to developments in it.
Here’s all you need to know before running a small food business When you’re running a small food business for the first time, whether it’s a kiosk, a caf? or a restaurant, you’re going to need to know how to serve the food that you sell. __________________________________________________________________________________ we wanted to provide a front door? to the market, to showcase its best attributes? she explained. We were also aware of huge ongoing changes in food, and we wanted a way to stay flexible enough to be able to adapt our offering. Evans hoped that by introducing London’s food industry to the concept of co-working, New Covent Garden Market could stay adaptable and innovative for years to come. The CGMA earmarked two of the three floors in The Food Exchange to become home to the UK’s largest shared kitchen, run in partnership with food incubator Mission Kitchen. The space will be filled with different types of kitchen and bench space, of various sizes, that will be available to rent by the hour, day or week. Food entrepreneurs will also gain access to private kitchens, desk and computer space, and areas to hire for events and training purposes. Evans? aim is to provide a space where food entrepreneurs and startup founders can experiment and, importantly, collaborate. ‘small businesses are nothing if not adaptable, she told Business Advice. They don’t have the constraints of a large corporate. That’s one of the beauties of working with them.
A dream come true for local businesses?The Food Exchange has already become a popular initiative with local stakeholders. Ahead of its opening, Ian Taitte, the director of local food and hospitality events management firm Think Events, said that for local businesses the Food Exchange sounded like a dream come true. it will give local startups the opportunity to break down barriers of communication and show off their culinary skills to a wider community, he told Business Advice. Through collaboration, Wandsworth’s food businesses will strengthen, leading to increased innovation. Helen Roberts, the founder and managing director at Wandsworth Foodies, a body that represents the interests of food and hospitality startups in the Battersea area, agreed that as a collaborative space, the Food Exchange was an exciting new prospect for food entrepreneurs.
The ten best startup ideas for under 10, 000 you can launch today Business Advice reveals ten of the best startup ideas that can be launched almost immediately within a modest investment of under 10, 000. __________________________________________________________________________________ the Food Exchange addresses a few major challenges for food businesses, she said. It provides much needed top of the range workspace and will provide a co-working kitchen space which is affordable, and in a fantastic location. it will also help to build a community. Entrepreneurship is a lonely world, where people want to meet each other. They want to connect, and The Food Exchange will provide a platform to bring people together and encourage them to collaborate. it has the potential to become the focal point for food in the UK. Food needs a centre piece, and I believe The Food Exchange can be it. it’s is an incredible initiative, one that can help to elevate the food industry to new heights and boost the local economy.