New business opportunity in Lincoln

A new business opportunity has arisen in Lincoln’s city centre, as Lincolnshire Co-op looks for a new operator to run its modern collaborative working space, Mosaic Digital Hub, based in Thomas Parker House on Silver Street.

The hub was founded in 2019, with support from Lincolnshire County Council and the local digital community.

Since then, it has continued to grow, and an additional four offices and new conference space was created in 2023, allowing new tenants to move into the hub, and others to expand.

As well as hosting over 50 individual desk members, all offices within the building are let, with 14 digital business working from the space.

However, the local co-operative is now looking for an operator to develop the unused space and pre-existing facilities at Thomas Parker House even further.

Lincolnshire Co-op’s strategic focus is on developing healthcare and housing, which meets community needs, and transferring this facility to a new operator will allow the society to redirect focus into these two areas.

The society has made other changes to its property portfolio to support the ongoing focus on housing and healthcare, having recently transferred full ownership of Waterside Shopping Centre to its partner, Wykeland Group.

To support the sale of Thomas Parker House and Mosaic, Lincolnshire Co-op will be undertaking maintenance work at Thomas Parker House, enabling the new operator to focus on further developments.

Paul Howard, Chief Financial Officer at Lincolnshire Co-op, said: “We are incredibly proud of the collaborative, creative space that we have built at Mosaic Digital Hub, the community that it’s fostered, and how it has continued to grow since first opening.

“However, we recognise that now is the right time to pass the facility onto a new operator that can maintain this valuable service, as well as having the skills and resource to develop any unused space in the upper floors of Thomas Parker House.”