Common European Data Spaces (CEDS) are aimed at creating a single market for data across the EU that will power AI innovation. CEDS cover 14 sectors/domains and will allow secure, trustworthy data/AI models exchange between companies, public administrations etc. The Common European Language Data Space (LDS) is part of CEDS and is already made available in beta phase. The paper presents its technical design and implementation, its governance framework as well as use cases that demonstrate its value. LDS aspires to become part of the future European Language Technology ecosystem.