Financial sustainability can be key to ensuring the future longevity of your Men’s Shed.

A healthy bank balance will ensure that:

  • There are enough funds to cover all major outgoings (such as rent and bills) for a substantial period of time.
  • There is enough left over to pay for unexpected eventualities (e.g. machinery breakdown, a broken boiler).

To ensure financial sustainability you will likely need a variety of income streams instead of relying on one source. There are 3 main sources of funding for Sheds to consider; grant funding, fundraising/ donations, and income generation.