£2.4m Extra Funding for UK Crowdfunders
UK-based crowdfunding platform unveils new way for project owners to get additional partners from councils, brands and grant makers.
Crowdfunder, the UK’s leading crowdfunding platform, is to distribute money, traditionally given out by councils, brands and community funds via grants or sponsorship, to crowdfunding projects that meet the partner’s funding criteria.
The platform has revealed it has now secured over £2.4 million of funding targeted to support a wide range of community, charity, business and individuals’ projects across the UK with a further £1.3m due to be added to the funding offer via the platform in the next three months.
National and regional partners distributing funds through Crowdfunder include Virgin Media Business, who have pledged £50,000 to support start up businesses, Dorset County Council who have £200,000 to support innovative youth projects in the county, Plymouth City Council, who have already turned £60,000 of council funding into over £430,000 of funds raised for their community and Creative England, who have invested £80,000 into crowdfunding film projects and £40,000 to discover and support female game developers.
Projects that crowdfund on the platform are able to search for additional funding opportunities ranging from £500-£10,000 per project depending on eligibility.
Jason Nuttall, Head of Funding at Crowdfunder.co.uk, said, “at Crowdfunder we believe in not only enabling people to make their great ideas a reality – but ensuring that they have access to as much support as possible along their journey. By distributing funding from partners into crowdfunding projects that have the support of the crowd, partners are not only supporting great ideas, but putting funding into projects that have also been validated by the crowd. ”
The benefits to all are enormous, bringing fund distribution to a new level.
Phil Geraghty, MD of Crowdfunder added, “council’s, brands and grant makers are enjoying some valuable benefits: they are able to easily identify projects they want to support with pledges. Partners such as Plymouth City Council have been able to amplify the money they distributed, with money raised for projects from the crowd, and also reduce administrative costs.
“Brands are also able to connect with consumers individually, and create great stories, as they help turn ideas into reality. All partners benefit from greater exposure to large-scale audiences and public engagement alongside positive success stories.”
Recently, Crowdfunder partnered with Virgin Media Business to offer crowdfunding to businesses taking part in VOOM 2016, the UK and Ireland’s biggest business competition, Scott Wilkinson, Head of VOOM, added, “’Crowdfunder and Virgin Media Business partnered to help businesses #VOOM. Together, we’ve turned a £50k match fund into over £700,000 already – and it’s still growing fast.
“Crowdfunding offers a pretty spectacular option for many businesses to reach out and secure their next objective. And our ongoing partnership is helping unleash future economic successes.”
For more information on additional funding and partnerships with Crowdfunder, visit Crowdfunder Plus. www.crowdfunder.co.uk/plus/
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