LONDON’S MOST COLLABORATIVE SHED™
The Problem +23% -17%
In 2014 56% of sites were charging an average of over £11 per square foot - in 2017 this increased to 79%
£11m Pledged by the Mayor of London in 2018 to improve liveability and creativity in 6 New Enterprise Zones
In 3 years London has lost 17% of it’s Studio space
24% Of current sites providing artists’ workspace are at risk of closure within the next 5 years
We plan to be based in Southwark, London.
Commercial property is continually being bought for residential schemes
The SHED[space] Community We provide the tools and equipment for anyone to express their creative desires. Be that painting or motorcycle maintenance
SHED[space] is a community centric social business that brings people together and has creativity at its heart
We will become the WeWork for Makers
Places to be creative are scarce: limiting human connectivity
Our Impact & Mission
membership-based co-working spaces have a direct positive impact on mental welbeing and productivity
Our mission is to restore London’s diminishing creative community As we dive deeper in to the disconnected digital age, we must reinvest in human connection. Extra creative space drives liveability and community
Membership Support We will provide a safe community environment that encourages the freedom of expression - promoting a sense of belonging
Arts Council England want to give membership bursaries to emerging talent in SHED[space] to encourge diversity.
We have partnered with Other Today to design, deliver and a build the very best workshop classes and courses to support each maker
Creative Land Trust opens in July 2019 - Mayor backed property portfolio
Creative industries are the fastest growing sector of the economy growing by 10% in a year - The 11,620 businesses involved in the craft industries generate nearly ÂŁ1.9bn in turnover in the UK.
Market Size Traction
The demand for creative space is high with 95% of spaces in London occupied and nearly 14,000 places on waiting lists between only 27 site providers. There is no decline in the demand from creatives for space
We have 50 members keen to be our committed founding community
SHED[space] Competition Blackhorse Workshop Charge per hour of time spent in the workshop limiting flexible use
Bloq Workshop Offers fixed desks only. The cheapest is ÂŁ454 for a small desk
Makerversity Out prices experimentalists @ÂŁ390 per month
Makerspace Are oversubscribed with no room to expand
We will generate Revenue through Monthly Subscriptions
Storage
One off visits
The space is open to new members all the time. No fixed desks = larger economy of scale and a larger community win win
We are London’s first workshop that doesn’t charge per hour spent with us
We are more competitive on price given our new innovative model
Future Growth – Projections With expected membership to run at 300 occupants during maturity for each SHED[space] we can expect £250,000 net profit a year
With a BEP of 100 members in Year 1 - we will breaking even in 7 months
Once we work in one London Borough we plan to expand to create a large network of communities across other boroughs and cities
Our plan is to mature quickly. Our business plan shows we plan to open a second space in 3 years time
9.0 T HE TEAM
The Team
Fred Marketer
George Graphic Design
Full Time on Funding
Consultant
Jo Founder & CEO
Bertie Co-Founder & COO
Nick Chief Architect Consultant
We are SEIS & EIS eligible
Your support
What SHED[space] needs
Your Participation
Marketing
£500k Staff and operations
1st year lease deposit Fit Out
Equipment
joseph de Klee [FOUNDER] 07960 243 007 JOSEPH@SHEDSPACELONDON.COM WWW.SHEDSPACELONDON.COM