We are calling on as many developers, local authorities, funders and investors as possible to get involved and help us keep our city the cultural powerhouse it is today.

Sadiq Khan, Mayor of London

In just 3 years London has lost 17% of studio spaces

A rapid increase in property values and business rates as well as changes to planning have contributed to this problem. Access to affordable studio space for artists and makers is critical to London’s creative and cultural industries which contribute an estimated £47bn to London’s economy each year. The Creative Land Trust will bring together grant and investment funding to help alleviate the loss of studio space.

Our approach

Older building

Models of ownership

We will secure buildings through: - Outright purchase of freehold properties or long leases, and through planning policies such as a section 106 agreement or a Community Infrastructure Levy. - Receipt of properties gifted or transferred to us by public or private partners. - Purchase of buildings brought to us by a studio provider. All our buildings will be let to studio providers or groups of artists.

Smiling woman

Setting affordable rent levels

We will ensure that we follow clear guidance on what level of rent is affordable. Current research by the Mayor of London’s Artists’ Workspace Data Note 2018 suggests an average of £12-15/sqft and not more than £19/sqft total cost to the end user (inclusive of service charge).

Children painting

Providing long-term impact

We aim to work with freehold property or long leases of 99 years to secure land in perpetuity for long-term use. We may occasionally consider 25 year leases as a minimum. We will ask providers to monitor and report the impact of their work to us so we can ensure we are effective.

Access to affordable space

Man working in studio

Need for studios

1 in 6 jobs in London are in the creative economy, and 4 out of 5 tourists choose to visit our capital because of its iconic culture. For generations London’s cultural sector has been underpinned by access to affordable and flexible studio spaces.

Closeup of mixing desk

Loss of studios

Unprecedented numbers of studios are now at risk and these spaces are being lost rapidly. Studio spaces are often ecosystems in their own right supporting not just the creatives working in them but the communities around them.

Two women working together

Suppporting communities

There is an existing network of affordable workspace providers who are committed to providing affordable and flexible space - many of whom are currently struggling to access capital and provide ongoing affordability in a context of rising rents and rates.