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Jemma Phibbs, Founder and Co-director of School Space talks about how they are creating the AirBnb for schools, a service to allow schools to easily rent out their space to local community events.
Highlights in this episode:
Mental health of startup founders
How an extra income stream are changing schools
Importance of community hubs
Impact of School Space to local communities
Advising schools on the business of renting out spaces
Need for schools to be more of an open environment
Listen to this episode now:
"School Space, a leading platform for schools to generate extra funds by hiring out their spaces, announced today that it has secured £800,000 in equity funding with the help of ClearlySo, Europe’s leading impact investment bank. School Space was founded by Jemma Phibbs and James Lloyd seven years ago when they were 17, in their last year at school, and following recent expansion they have completed the TechStars accelerator and been recognised by the London Mayor’s office on their growth programme."
School Space in Forbes!
"School Space was started in 2011 by its Founders Jemma Phibbs and James Lloyd. They started the company after they found their own school struggling to obtain the funding to be able to provide high-quality teaching and facilities.
The school ended up being rated as requiring "special measures" by government organisation Ofsted, which shows that a school has fundamental weaknesses that need to be fixed.
Phibbs and Lloyd quickly came up with a solution where the school would rent out some of their facilities for sports activities and events, allowing the school to raise the funding to invest in improving its standing.
Since then, School Space has helped fund schools across the UK and has paid out more than £500,000 in rental fees to its partner schools. This is done through the School Space platform, which allows anyone to easily book spaces in schools, much like booking rooms on platforms such as Airbnb."
Jemma and James were recognized by being awarded a place on Forbes' Annual 30 Under 30 List of young entrepreneurs making a difference in their field.
Managing Director of the Techstars Accelerator in London, Eamonn Carey, introduced the companies joining the accelerator for the upcoming cohort.
"After hundreds of meetings with incredible entrepreneurs from all over the world, visits to over 20 cities from New York to Dublin to Seoul and applications from all corners of the globe, I’m delighted to announce Techstars Class 138 – the ten companies joining us for the Techstars London Accelerator class of 2018."
And we were one of them!
Read the full piece, published July 16th, 2018 on the Techstars here.
This is the first in a series of blogs in which Companies House takes a closer look at some of the companies that contribute to positive social change and how the people behind them are helping to make a real difference.
School Space gives more than just financial benefits. They connect schools with local groups, they help grow new partnerships and reinvigorate communities.
Read the full article, published on June 4th, 2018 on the Companies House blog here.
“We have been working with School Space as our trusted lettings provider since 2015. In that time, we have significantly increased our annual income from lettings. The staff are cooperative and supportive, providing regular communication and updates to us. Using School Space to manage our lettings has reduced the burden on our own staff and we know that customers using our facilities always have an expert point of contact,” said Chris Powell, Director of Finance & Services, Ridgeway Education Trust.
Our co-founder, Jemma Phibbs, was recently interviewed by Ogunte as a part of their Impact Women series. She shares with us her journey through social enterprise, what motivates her about the education sector, and importance of having great mentors
Want to know the three most valuable lessons she has learnt over the last 6 years?
- You have to make hard decisions, all the time - act quickly on your instincts if something feels wrong.
- People are everything; surround yourself with people who bring great personalities and skills to the table.
- Things are never as stressful as you believe, perspective is so important.
You can read the full interview here
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