XYZ Works, a hybrid co-working space for the FinTech community, has soared to 50 per cent capacity ahead of its launch next month.

Based in Manchester’s Spinningfields area, the office will provide state-of-the-art flexible options for budding entrepreneurs, sole traders, start-ups and SME’s.

It will be based on the ground floor and level one of the XYZ building and is the first of a series of co-working clubs to be launched this year across the North West and London under Allied London’s All Work umbrella.

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Demand is already high, with more than half of memberships sold off-plan to a diverse range of businesses.

Mike Ingall, chief executive of Allied London, said: “XYZ Works secures Manchester’s position as a world-leading hub for next generation working.

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“The space has been specifically designed for small start-up entrepreneurial businesses with big growth aspirations operating in the city’s growing tech, digital and financial (FinTech) communities.

“This represents a great opportunity to join the fastest growing eco-system of tech enabled businesses in the city.”

Over the past decade, th Spinningfields district has grown to become home to over 165 commercial organisations, 14 retail outlets and 33 restaurants, bars, coffee shops and eateries.

XYZ Works offers a hybrid of workspace options from co-working desks to office suites, permanent desks or private studios, all with inclusive access to meeting rooms, lounge areas, events space, breakout areas and coffee bars.

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Piers Read who is heading up XYZ Works, added: “The way people work is changing.

“We have carried out an extensive survey to determine what entrepreneurs and creatives want from their workspace, and we have incorporated the results into our fit out at XYZ Works.

“The spaces have been beautifully designed and are equipped with cutting edge technology and facilities that will help foster the growth of members’ businesses.

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“Demand for flexible workspaces is continuing to increase, including the recent signing of WeWork, a co-working space provider at No 1 Spinningfields, which highlights how the district is owning the co-working space in the city.

"We are now really gearing up for the official opening of XYZ Works in August, when we expect the full 20,000 sq ft space to be nearing capacity.”

Membership of XYZ Works also allows access to the other clubs in the All Work network including Dock Works in Leeds (due Autumn 2017) and the new home of OGS Works at St. John’s, which will be announced later this year.

To enquire about membership of XYZ Works please contact: Info@xyzworks.co.uk or call 0161 974 3290