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A STUDY by flexible workspace provider Regus has found the vast majority of small company owners in Portsmouth believe collaborative work environments, where many firms co-locate, are better for business than traditional leased premises.

In the business poll, 95 per cent of the city’s small firms questioned say collaborative workplaces provide better value for money.

Richard Morris, UK chief executive officer at Regus, said: ‘Deciding where to work is a fundamental question facing every small business. The ideal workplace should enable each member of the workforce to get their job done in the most productive way, working where, when and how it suits them.

‘Fortunately, today’s business owners have a multitude of practical options available to them, in stark contrast to previous generations.

‘Co-locating with other businesses is an increasingly popular solution and our research highlights that cost reduction and scalability are the primary drivers, but the secondary benefits are proving equally compelling.’