a-r-c-s: The Social Value of Lower Stable Street
Project Description
Since 2018, a-r-c-s has curated and managed Lower Stable Street in Coal Drops Yard on behalf of Related Argent – transforming a once-underused thoroughfare into a vibrant, inclusive hub for small businesses, creatives and communities.
In 2024, a-r-c-s commissioned RealWorth to evaluate the social impact of its activities over a 12-month period using the Social Return on Investment approach. The study assessed how a-r-c-s distinctive model – flexible turnover-based rents, community driven programming, and free event space – supports inclusive growth and cultural participation in King’s Cross.
The evaluation found that a-r-c-s’ work generated £3.01 million in total social value, demonstrating that placemaking rooted in creativity and social purpose can deliver tangible benefits for businesses, visitors, and the wider community.
Key contributors included the community market, Lower Stable Street Units, Kiosk N1C Event Space and Heatherwick Kiosks, all of which supported independent enterprise, community connection, and creative opportunity.
Key outcomes of Lower Stable Street include:
Support for Independent Businesses
Turnover linked leases and flexible tenancies enabled emerging brands and CICs such as Voices Radio, Store Store, and Redemption Roasters to grow sustainability and reach new audiences.
Community Market
172 stallholders benefited from affordable trading space and exposure to 3.6 million visitors, resulting in new jobs, expanded ventures, and increased local spending.
Skills & Employability
Through free workshops, after-school clubs and mentorship events, young people and underrepresnted groups develop creative and professional skills, improving confidence and employability.
Cultural Inclusion & Wellbeing
Regular events, exhibitions, and the Lighbox installsations fostered beloning, safety and joy, creaiting spaces where creativity and community overlap.
Project details
- Project title
- a-r-c-s: The Social Value of Lower Stable Street
- Projects date
- 2024
- Projects location
- London, UK