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Crowdfunding is an alternative means of funding projects by raising money from large numbers of people. The concept is simple – individuals pitch their project and encourage people to support them with donations.
Below are some guidelines to make a success of your crowdfunding event and also two of the Crowdfunding sites that are available.
A new website has been set up to make it easier for local people, groups and businesses to support community ideas and give to local good causes.
Basingstoke Voluntary Action (BVA) – the borough’s umbrella organisation for the local voluntary and community sector – has worked in partnership with the council and national organisation Spacehive to set up the website which provides a platform for ‘crowdfunding’ projects.
Crowdfunding is a way of raising finance by asking a large number of people each for a small amount of money whereas until recently, financing a project or venture involved asking a few people for large sums of money.
Crowdfunding switches this idea around, using the internet to talk to thousands – if not millions – of potential funders. By setting up a profile of their project on the website, local ideas can be turned into reality. They use social media, alongside traditional networks of friends, family and work acquaintances, to raise money.
The website was launched alongside a local campaign called ‘Real Change, Not Loose Change’ which aims to raise money for local homeless schemes and urges residents to alert homelessness services to people sleeping on the streets. This is to be sure that they are taken care of and connected to help to find housing, support and get back on track financially and emotionally.
Stephen Morgan, BVA’s chief executive said:
“We’re delighted to bring this crowdfunding website to Basingstoke and Deane as part of our offer to support local groups and charities to flourish.
Kicking off this new support to those involved in voluntary and community action with such a worthwhile campaign as the Real Change initiative is a real opportunity to demonstrate how through a small amount of support, money raised can make a big difference.
In the first week alone, thanks to the generosity of local people and businesses, over £1,000 has been raised for two worthwhile and much needed projects.”
For more information on the work BVA is doing with Spacehive visit the website.
This is a definitive guide to running a thriving Spacehive campaign from planning to execution containing links to a wealth of tools and information which will help develop a successful project.
Everyone has a great idea and Crowdfunder want to make as many ideas as possible succeed.
Whether you own an existing business, are launching a new one, are a school, work in the creative industry, need funds for a social enterprise, are a charity, or are just an individual with a fantastic idea then we can help you raise the funds needed for your project.
Crowdfunder gives thousands of people that platform to raise money for their great ideas. The people behind the great ideas submit them to Crowdfunder adding rewards, a project video, their story and images. They then spend time building their community and when we think they’re ready they launch their campaigns.
Lots of people – each giving a small amount – can make good things happen. The ‘crowd’ decides what’s good, what’s not, what they want to fund and what they don’t. If the crowd doesn’t back the project it won’t happen.
For more information, including the fees, visit their website.