All revenue raised through rent, meeting room hire, Business Lounge membership and sponsorship contributes to an operating surplus. Each year that surplus is split 3 ways with 70% to Bristol City Council and University of Bristol to pay back the capital they invested in the building.
30% of the surplus goes into the Engine Shed “Enterprise Fund” which is used to reinvest in the facility and seed projects which help fulfil its mission.
We are active in two main areas where we can use our trusted relationships, local knowledge, connections, venue, profile, location, passion and seed money to make an impact for the long term (we took a 15 year lease on the building, so that’s our horizon):
- Cluster building– actively using the connections made, and intelligence gathered, within Engine Shed to stimulate economic activity – such as hosting, sponsoring and initiating events, supporting the local authorities, the LEP and Invest Bristol & Bath in their work and hosting national and international delegations.
- Project work – under the guidance of the Engine Shed Advisory & Governance Boards, we have identified some key challenges to long-term, sustainable, inclusive economic growth.
We have plenty of interesting projects that we know about or designed, that would benefit from some enthusiastic support. If you like what we are doing and want to support us, either through sponsorship or in-kind, please get in touch.