It is a non-profit making company, the group was set up to provide affordable Studio space for artists with the aim of increasing public awareness of the visual arts.
This has been achieved by renting available industrial and commercial premises (previously, often identified for redevelopment) and dividing the space provided into working areas.
In the past, in order to encourage cross disciplinary discussion, interaction and collaboration individual artists' spaces have been kept open and interconnected.
In 2017 Red Herring were faced with eviction from their Westerman Complex home in Hove, when plans were made to demolish it and build houses on the site.
In October 2020 Red Herring artists designed and created a mural in Wish Park, Hove, celebrating the work of NHS staff during the COVID-19 pandemic.