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Gloucestershire Business News

Hub8 moves to Minster Exchange

Cheltenham's Hub8 is moving to the new Minster Exchange (MX).

The co-working support organisation for the town's cyber community is leaving its original base at The Brewery Quarter for the new town centre venue, opening soon.

The £9.27 million MX project will house state of the art workspace for the cyber tech, digital and creative sectors, a Growth Hub to support business development and an event space and cafe.

Hub8's old premises at Studio 19, The Brewery Quarter, Cheltenham is on the market with Kurt Wyman Surveyors. The contemporary open plan office has a floor area of approximately 6,120 sq ft (568.55 sq m).

Hub8 will retain its base at Gloucestershire College's Cheltenham campus, which opened in 2021.

The MX will bring to life an underused urban space in the heart of Cheltenham's conservation area, close to Cheltenham Minster, the library, Wilson art gallery and museum. It aims to help reinvigorate the local economy, establish key links to the High Street, support economic growth and act as a beacon in the town for the forthcoming Golden Valley Development.

It will bring together high growth companies in the cyber tech, digital and creative sectors with academia and the wider community to create a platform for organic growth and collaboration in one place.

The innovative 20,000sq ft town centre co-working and events space has been plagued by delays and budget problems. 

It was initially budgeted to cost £5.2 million. This was made up of a grant of £3.1 million secured by GFirst LEP from the government's Build Back Better Fund and £2.1 million from Cheltenham Borough Council.

In December 2022, the council pledged a further £2.5 million to the project. In June 2023, it voted to extend the funding up to £9.27 million. It was initially planned to open in 2022, which was pushed back to 2023 and again to 2024.

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