Other types of funding

Community share issues

Community shares are a form of withdrawable share capital that can be issued by cooperative societies and community benefit societies to raise the funds needed to provide a service to the local community, from saving the local pub to the provision of affordable housing.

In keeping with the Community Land Trust ethos, community share issues are conducted on the principle that each shareholder, no matter how great their share, has just one vote in decision-making forums.

Where can I find out more?

To find out more and get some guidance on issuing community shares, go to: www.communityshares.org.uk

Ethex offer a positive investing and saving platform which supports social businesses and community organisations. Visit: www.ethex.org.uk

Crowdfunding

Crowdfunding allows individuals and organisations to pledge funds for a project they are interested in, with fundraising typically taking place via an online platform, such as Crowdfunder, Kickstarter or Spacehive.

Most crowdfunding platforms allow people to pledge on an ‘all or nothing’ basis. This means that the pledged funds are only fully committed when the total amount required to enable the project to go ahead has been raised. This serves to give added confidence to funders that their money won't be spent on a project which lacks sufficient funds to go ahead.

A great example of how crowdfunding can make a difference is the charity in Glyncoch, South Wales, which crowdfunded a total of £792,000 to make the redevelopment of the local community centre happen.

Where can I find out more?

Crowdfunder is an online rewards-based crowdfunding platform for a wide range of projects. Visit www.crowdfunder.co.uk.

Spacehive is an online crowdfunding platform set up for civic projects. To read more about how it works and promote your project, visit: www.spacehive.com

 

 

 

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