Desks in the converted sheds rent from £150 a month.
Three sheds at the former Aurel shipyard have been turned into workspace for 40 small companies, from furniture makers to software developers.
The Yard opened in January and is already three-quarters full. Desks rent from £150 a month, and workshops with power and loading doors from £600.
The project was paid for jointly by the council and a local pension fund, which expects a modest return over 15 years.
Two new cranes have cut the time a ship spends at the quay by almost a third.
The regional index closed 2.3 per cent higher, its best day in four months.
A contract worth £3.2m a year was extended for five years without other companies being invited to bid.
Hale’s Bakery opened on Mill Lane in the year the tram came to Port Aurel, and has never closed for more than a week.
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