Fasthosts, a prominent internet services provider, is set to move its Gloucester headquarters to the brand-new £107 million Forum development. This strategic relocation aims to unify operations and fortify its presence within its founding city.
The move to The Forum bolsters Fasthosts’ commitment to sustaining local growth. Positioned in the heart of the city, this relocation not only supports the company’s expansion goals but also complements its sustainability objectives, ensuring a cohesive work environment for its employees.
Strategic Relocation and Expansion
Fasthosts is poised to become the first major tenant of The Forum, a significant city centre redevelopment project steered by Gloucester City Council and Reef Group. This strategic decision aligns with Fasthosts’ broader objective to consolidate its operations and maintain its ties with its home city.
The relocation involves transitioning 250 employees to a 19,000 sq ft space at No2 Cathedral Walk. Originally founded in Gloucester, Fasthosts has consistently expanded its footprint in the digital arena since 1998. This move signifies a step forward in accommodating its growing workforce and enhancing operational efficiency.
Advantages of The Forum Location
The Forum offers numerous advantages that align with Fasthosts’ corporate strategy, including excellent transport links and a sustainable building design. This modern office space is not only convenient for current employees but also attractive for future recruits.
By centralising its workforce, Fasthosts enhances collaboration across teams, which were previously dispersed across different sites in Gloucester. The Forum’s state-of-the-art facilities and prime location reinforce Fasthosts’ commitment to innovation and sustainable growth.
Sustainable and Future-Ready Premises
The sustainable design of The Forum was a significant factor in Fasthosts’ decision to move. With a focus on sustainability and corporate social responsibility, the new headquarters supports the company’s environmental goals.
The premises’ layout promotes a contemporary working environment, fostering a dynamic and engaging workspace for employees. The Forum is part of a larger £200 million regeneration plan that includes other key city developments.
This ambitious regeneration plan also encompasses the University of Gloucestershire’s City Campus development, further augmenting the area’s appeal as a hub for innovation and education.
The Vision Behind The Forum
Reef Group, the developer behind The Forum, intended to create a magnet for fast-growing tech firms within the South West. The project is already gaining traction as other companies express interest in the remaining office spaces.
Peter Langly-Smith from Reef Group highlighted the development’s appeal, emphasising its cutting-edge facilities and commitment to sustainability. These elements are drawing significant attention from prospective tenants keen on a future-focused working environment.
The Forum is set to open later this year, featuring not just office spaces but also retail outlets, restaurants, and a Hotel Indigo, creating a well-rounded city centre experience.
Impacts on Local Economy
Fasthosts’ move has far-reaching implications for Gloucester’s local economy, reinforcing its status as a digital and cybersecurity centre. The city already hosts vital institutions like GCHQ and the National Cyber Security Centre.
This relocation is anticipated to draw further investment, stimulate business growth, and attract visitors, thus playing a pivotal role in the city centre’s revitalisation. Gloucester City Council welcomes this significant step forward in the city’s economic development.
Community and Industry Reactions
Local leaders and business figures have expressed optimism about Fasthosts’ new headquarters. Councillor Jeremy Hilton hailed the move as a milestone in the city’s regeneration efforts.
Dorian Wragg from Bruton Knowles underscored the significance of this move for reinforcing the region’s reputation as a leading tech and digital security hub, reflecting broader industry trends.
Future Developments and Expectations
The anticipation surrounding The Forum underscores a broader enthusiasm for urban redevelopment in Gloucester. The completion of this project is expected to catalyse further commercial and residential growth, solidifying the city’s position as a thriving centre of innovation.
Fasthosts’ strategic move to The Forum embodies both a commitment to its roots in Gloucester and an ambition to foster future growth. This relocation promises to enhance the company’s operational capabilities and play a transformative role in the city’s ongoing regeneration.