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Freelancers fuelling 'coffice economy'

Monday 3rd July, 2017
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Limited Company
The UK's so-called coffice economy is booming, thanks in large part to the nation's growing band of limited company contractors and freelancers.
 
'Coffice' is a blend of coffee shop and office, and refers to business that is done outside of a traditional work environment, such as in a person's home or in their local cafe, with these locations favoured as workspaces by many self-employed individuals.
 
According to new research from MyVoucherCodes, 81 per cent of UK workers spend three-and-a-half hours every week working from their local coffee shop or similar, with business deals worth £14.5 million to the British economy closed in these locations every year.
 
In total, 56 per cent of those questioned said they worked from a cafe at least once a week, with one-third closing deals or winning new contracts in this once-unconventional setting.
 
On average, workers spend 93 minutes at a time working in their 'coffice', with many finding that the change in scenery from their usual home office or other workspace allows them to be more productive and approach their assignments from a different perspective.
 
Just 43 per cent of survey respondents said they were worried about privacy when working from a cafe, suggesting that more than half don't find background noise from other people to be a hindrance.
 
The accompanying caffeine hit is likely to also play a part in this, with a cappuccino the preferred drink of 26 per cent of office workers, while 21 per cent opt for a latte and just eight per cent choose a more traditional cup of tea.
 
What's more, free Wi-Fi access is also a perk of working in a coffee shop for contractors and freelancers.
 
Chris Reilly, managing director of MyVoucherCodes, commented: "This new research shows the rise of the coffice as a place for Brits to work and cut business deals.
 
"With 13 per cent of us working out of a coffee shop every day and the UK coffee shop market experiencing strong growth that is forecast to continue, the coffice trend is also set to maintain popularity for a while yet."


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