Executive Summary

The Spark is a dynamic and forward-thinking innovation community based co-working space designed to support and accelerate innovation for start-ups and scale-ups in the Bournemouth, Christchurch, and Poole (BCP) region. 

With a focus on cutting-edge industries such as FinTech, Web 3.0, Blockchain, Artificial Intelligence (AI), and Sustainability, The Spark aims to provide an environment where entrepreneurs can collaborate, access vital resources, and scale their businesses effectively.

By partnering with Foundry Co-Working Space, The Spark will offer an array of flexible workspaces across multiple sites, from Poole to London, helping to create a national network for our alumni to tap into. This proposal outlines the vision, goals, and strategic offerings of The Spark, detailing how it will contribute to the economic growth of BCP, foster innovation, and create a model for innovation hubs across the country.

Market Opportunity

The BCP area offers a unique and compelling opportunity for start-ups and scale-ups due to its affordable living costs, high quality of life, and growing digital economy. While the region has great potential, there is a gap in infrastructure and services to fully support the rapid growth of emerging industries. Entrepreneurs in FinTech, AI, and Blockchain are often squeezed by high costs and competition in metropolitan areas like London.

The Spark addresses these challenges by offering:

• Affordability: The region’s lower cost of living and overheads compared to London and other major cities.
• Global Connectivity: Close proximity to London’s financial sector and strong digital infrastructure, enabling seamless connections with the wider UK and international markets.
• Skilled Workforce: Access to a highly educated workforce, bolstered by local universities and the region’s emerging tech ecosystem.
• Supportive Business Environment: The Spark aligns with regional and national initiatives aimed at post-pandemic recovery, green technologies, and innovation.