An increase in the number of start-up businesses seeking cheap premises helped to boost Regus in the first half of the year, amid signs that commercial landlords are starting to find tenants.

Regus, the world’s biggest provider of outsourced office space, said that demand from redundant City workers-turned-entrepreneurs had helped to increase revenue to £557.4m in the first half, a 9.8% increase compared with the same period a year earlier.

Mark Dixon, founder and chief executive, said that the group’s 'recession-busting' offers, which enabled tenants to rent fully fitted space for five days for only £70, had helped it to buck a downward trend in occupancy rates.

Financial Times