London 's Hackney Council is installing a rent freeze on work and studio space in new - built flats in order to keep local artists and entrepreneurs in the area . Following public opposition to the demolition of Vittoria Wharf , which housed many creative start - ups , the council has partnered with the London Legacy Development Corporation to guarantee new office schemes provide " genuinely affordable " studio spaces with rents below half their current market value . Additionally , two council - owned flats in the E9 area are being renovated to offer independent and artistic firms , which have previously been priced out , a place to operate at a substantial cost .
London's Hackney Council is installing a rent cap on work and studio space in new-build offices in order to keep local artists and entrepreneurs in the area. Following public objections to the demolition of Vittoria Wharf, which housed many creative start-ups, the council has partnered with the London Legacy Development Corporation to guarantee new office schemes provide "genuinely affordable" studio spaces with rents below half their current market value. Additionally, two council-owned buildings in the E9 area are being renovated to offer independent and artistic firms, which have previously been priced out, a place to operate at a substantial discount.