Nick Sturge Engine Shed LCSW Business Breakfast - Bristol's Ambitions 230615
11
“Engine Shed Campus” Nick Sturge, Director of Engine Shed & SETsquared A look at some of the lessons learned during the development of Engine Shed, our vision for Engine Shed II and our intentions to create an exemplar in forward thinking green design.
-
Upload
low-carbon-south-west -
Category
Business
-
view
90 -
download
2
Transcript of Nick Sturge Engine Shed LCSW Business Breakfast - Bristol's Ambitions 230615
“Engine Shed Campus”Nick Sturge, Director of Engine Shed & SETsquared
A look at some of the lessons learned during the development of Engine Shed, our vision for Engine Shed II and our intentions to create an exemplar in forward thinking green design.
What is Engine Shed? An incubator of incubators:
Two business incubators
The Bristol SETsquared Centre - high-tech startups; Govt. funded; University owned
WebStart Bristol - web startups; equity-funded; entrepreneur owned
Policy & regional marketing
Invest in Bristol + Bath
LEP office
Workspace:
Business Lounge (membership only)
DigiCity & NearDesk (co-working: rent a desk by the day/week/month)
Meeting rooms and function space
Other
Collaborative (3-university) research project – “Bristol & Bath by Design”
ICT and Apprenticeships training school
Public innovation showcase – “Platform 14”
Node on Gigabit Bristol/TerabitWest BIO project – www.bristolisopen.com
An “enterprise gateway” with a mission for economic growth
“Arrivals Lounge”
What’s what?
Timeline
Business Plan• Jan’13
Cabinet signoff• Mar’13
Building starts• May’13
SETsq’rd move in• July ‘13
Fully Open• Dec’13
Lease complete• Apr’14
1yr Party• Dec’14
Net GVA - £7.99m
£1.2m
£250k UoB
£250k City Deal
Engine Shed – Business Model SRF (Subsidiary of UoB) – 15yr lease from BCC
BCC-UoB Collaboration Agreement
Income
Major tenant income – SETsquared, IBB, LEP, WebStart
Meeting rooms, Business Lounge, DigiCity, Arrivals Lounge, Café
Expenses
Finance charges
Operating costs
Some staff (non-SETsquared)
Operating Surplus
47% - BCC
23% - SRF retained (subsidises SETsquared)
30% - Enterprise projects
Lessons Learned
The experiment worked
Anything is possible
Institutions can manage and execute on risk
Relationships are key
investment in the network up front
the good will in the network is awesome
Designing in leadership symbols
Sustainability – conflict of budget & speed
Environmental
Business
Planning: conservation vs. green vs. good use
What next?
We are full & - 26,000 sq ft ain’t enough
Growing companies cannot find local space
More companies/projects want to be part of the cluster – physically and emotionally
Generally agreed need: more “Engine Shed” £4m secured from the LEP (STC)
Anyone got another £6m?
Interim plan…..
Boxworks – by Forward Space Ltd.
Engine Shed II
More of the same Bigger SETsquared
Teaching / collaboration space
More incubators / hubs
Social innovation?
Smart cities?
Clean Web?
…..
Commercial grow-on space
Target completion, Q3/2017
5,000m2 – or more?
Revised Support Model
A possible location
Aspirations An inclusive icon for the city-region – a
legacy?
Built-in leadership symbols: Experimental
Collaborative
Creative / stylish
Innovative
Sustainable
How do we crowd-source the design and learn from the city’s collective knowledge & ideas?
