Schools get a hand from East End entrepreneurs to make money

Schools facing tough budget cuts are being offered a helping hand to hire out their premises to avoid having to sell off assets to meet the bills.

A company has been set up by two friends in London’s East End aimed at capturing a niche in the market for education establishments to make better use their premises to earn income.

The new company, Hire Space, has been started by Ed Poland and co-founder Will Swannell in offices at Whitechapel’s E1 business centre.

“We’re turning what are often wasted resources into income at a time when funding is being cut,” Ed explained. “Schools are using their facilities more efficiently are finally able to ensure a stronger economic foundation by hiring out their facilities.

“It makes it easier for them to avoid having to sell off facilities like playing fields, or worse—apply for emergency funding.”

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The partners have been approaching schools across London with tailor-made online booking and payment services through their company.

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