Bow Arts has announced the acquisition of two buildings in east London to convert into long-lasting affordable studio spaces for creatives, aiming to tackle the cost of living crisis.
Londoners owe 1.4 billion in unpaid council tax, an increase of 11% in just one year, emphasizing the severe impact of the ongoing cost-of-living crisis.
"Last year, many regions across the UK experienced a significant number of business closures, reflecting broader economic challenges."