Spencer Yard is a new development which will complement the creation of a Cultural Quarter in Leamington, which includes facilities such as Jephson Gardens and the Royal Pump Rooms; Spencer Yard will do this by providing opportunities for developing support for cultural diversity, artist workspaces, training, and cultural industries.

Spencer Yard lies across the river Leam in Old Town, facing the Royal Pump Rooms, 250 metres from a 62 capacity car park, and 400 metres from Leamington Spa railway station serving the national cross country network.