The latest addition to Middlesbrough’s thriving digital sector has been given the Ministerial seal of approval this week.
The state-of-the-art £4m Boho Five building at the heart of one of the region’s key regeneration sites is set to become a focal point for digital and creative businesses.
Minister for the Northern Powerhouse and Stockton South MP James Wharton formally launched the striking new building at a ceremony on Wednesday (August 26).
He was joined at the event by invited guests including Middlesbrough MP Andy McDonald, the town’s elected Mayor Dave Budd and representatives from the local business community.
Mr Wharton told Tees Business: “This is an exciting and really important development for Middlesbrough and the Tees Valley.
“You look at Middlehaven and you look at what’s changed, this is another stage in delivering real investment and securing jobs for the future of our economy, and regenerating this very important part of Middlesbrough which is the centre of the Tees Valley.”
The six-floor Boho Five business unit – the latest addition to the town’s Boho Zone – has been developed in partnership by the Homes and Communities Agency and Middlesbrough Council through European Regional Development Fund and HCA investment.
Working closely with DigitalCity Business, Boho Five will build on the success of the nearby Boho One, with tenants set to benefit from expert advice, mentoring and sector support.
Designed by award-winning firm Xsite Architecture and situated on the corner of Bridge Street East and Windward Way, the building’s striking black and orange exterior follows the iconic, colourful and modern Middlehaven theme.
Middlesbrough Mayor Dave Budd said: “Middlesbrough is at the forefront of this region’s flourishing digital and creative economy, and the launch of this striking building is a key step on that journey.
“Boho Five will offer high-tech start-ups and potential entrepreneurs the perfect setting in which to get their businesses off the ground and equip them with everything they need to succeed in this dynamic and fast-moving sector.
“This event marks yet another important milestone in the regeneration of Middlehaven, and symbolises the growing confidence Middlesbrough has for the future.”
At over 24,000 sq. ft the building will offer office accommodation for up to 50 small and medium sized enterprises in the digital and creative sector. With this in mind a variety of office sizes have been created ranging from 100 – 1000 sq. ft.
Aimed at new and growing businesses in the sector, Boho Five will provide:
• Informal space for pre-start companies and potential entrepreneurs exploring business ideas
• Fast start incubation space for companies starting up or progressing from being home-based
• Flexible space to accommodate the rapid growth phases of developing companies
• Project spaces for use by companies requiring short term capacity
Middlesbrough MP Andy McDonald told Tees Business: “This is a continuation of the work that has already been established, which started with Boho One and all the wonderful creative and digital companies starting up there.
“It’s emblematic of the vitality here in Middlesbrough and wider Teesside and is a remarkable contribution to Middlehaven. We can see it all spreading all around us. These are fantastic developments for our town.”
Naz Parkar, HCA Executive Director for the North East and Yorkshire, added: “We are delighted to have worked with Middlesbrough Council to deliver this state of the art facility which will support the development of digital and creative businesses in town and further progress the regeneration of Middlehaven.”
• Businesses interested in relocating to Boho Five can visit www.dcbusiness.eu/location/boho-five, telephone 01642 224706 or email email@example.com to arrange a viewing.