Apart from capital and social networks, young people may also need office space or studio to launch their businesses. In recent years, many young entrepreneurs prefer to develop their business in a co-working space. Paying heed to their own needs and budget, young people can choose a suitable one from the many co-working spaces across the territory.
The Space Sharing Scheme for Youth serves as a platform for owners of revitalised industrial buildings and commercial buildings to contribute floor space for the operation of co-working spaces or studios. Under the scheme, the floor space will be either operated by the property owners themselves, or provided to a non-government organisation at a rent of no more than one-third of the prevailing market rent. The operator will then offer co-working spaces or studios at a concessionary rent of no more than half of the comparable market rent to young users.