Flexible Work Space Business Expands Into East Ayrshire

Storage Vault Work Space will open a new facility in Kilmarnock later this year. 

The business is expanding rapidly, building up a portfolio of spaces across the west of Scotland since 2014, when its first branch opened in Paisley.  The successful business model sees the company acquire freehold commercial and industrial buildings, which are refurbished and let out to small businesses on flexible monthly contracts. 

The aim of Storage Vault Work Space is to provide flexibility to new and established small businesses.   Investor John McGlynn has committed over half a million to the development in Simonsburn Industrial Estate.  Mr McGlynn said “For someone who wants to start or grow a business and requires premises - the easier we can make it for them, the quicker they are going to grow.”

The team at Storage Vault Work Space is led by Brian Gifford, property and finance director, Kraig Martin, commercial director and Anthony McActeer, managing director.

“It’s a real pleasure to see our ultra-flexible approach adding value to our customers and the economy.” Mr McActeer said.  “One tenant took occupancy at one of our facilities with a team of two, and within a year their staff requirements had tripled. Had they been tied into a long-term agreement this progression would have been extremely difficult to manage this growth.”

Councillor Jim Roberts, East Ayrshire Council’s Cabinet Member for Economy and Infrastructure said: “I am delighted that Storage Vault Work Space has chosen Kilmarnock for its next location – we are aware of the demand for this type of facility locally and recognise that this is another great asset in East Ayrshire which adds to our own investment at the Ingram Enterprise Centre. This will enhance the offering to businesses within the area and support their growth ambitions.”

Further sites are in development including Coatbridge and Bishopbriggs.

If you would like to enquire about available spaces, visit www.storagevault.com/offices