RBS launches co-working space with Desk Union

Bank’s first flexible work offering will be based in its flagship Edinburgh branch

The Royal Bank of Scotland (RBS) has today announced a deal with workspace provider Desk Union to launch its first ever co-working space with a goal to “help young businesses and entrepreneurs flourish and thrive”.

Branded ‘Desk Union at The Square’, the bank’s flexible workspace offering will be based on the first floor of its flagship branch 36 St Andrew Square in Edinburgh and will house 24 desks, as well as a large meeting room.

The space will open from August and Desk Union is currently in negotiation with RBS to look at rolling-out an additional co-working office.

RBS’ foray into co-working follows on from Santander’s launch of its first co-working incubator facility at St Pauls Square, Liverpool last week. The incubator, which provides workspace, support and advice, has already attracted four local start-ups to move in; ADM Creative, Interview People Online, Greenfinch Graduations and Data Performance Consultancy.

RBS branch and private banking managing director, Chris Wilson, commented:

“Royal Bank of Scotland is playing the leading role in Scotland in supporting entrepreneurs and this is yet another example of RBS’s commitment to getting the economy moving.

“The money made from this project will be reinvested back in to creating similar workspaces around the country so that other entrepreneurs and businesses can benefit.”

Victoria Arnold, Desk Union CEO, continued: “We are absolutely delighted to have the backing of Royal Bank of Scotland and are so excited to start taking on members, allowing them to build communities and collaborate through the use of this unique space in such a prime location.

“In recognising this growing trend for shared space, flexible working, Royal Bank of Scotland will be supporting growth businesses across Scotland that are looking for workspace in the city’s capital.”

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