Power to Change, the independent trust that supports community businesses in England, has teamed up with UK’s leading crowfunding platform Crowdfunder, to launch Community Business Crowdmatch.
An innovative initiative, Community Business Crowdmatch will help local communities respond to the coronavirus crisis by incentivising and maximising local crowdfunding campaigns. For every pound raised through Crowdfunder for a community supporting project, Power to Change will match it by one pound up to £10,000.
This scheme is aimed at emerging, new and existing community businesses. The money can support new ideas for local areas; meet increased demand for existing services; help save a community space; or bridge a funding gap.
Whilst the programme is open to all, Power to Change and Crowdfunder are particularly keen to support projects in more deprived areas of the country, and to work with Black, Asian and ethnically diverse individuals and community business leaders across England.
Vidhya Alakeson, CEO at Power to Change, said: “Communities have been the backbone of the country’s response to the coronavirus crisis and its imperative this hyper-local, neighbourhood approach continues. That’s why Power to Change has joined forces with Crowdfunder to create Crowdmatch. Through Crowdmatch, we’ll match donations to some of the country’s vital community projects. This gives projects vital funds but also encourages more people to donate. Crowdmatch makes our money and their money go further.”
There’s plenty of expert support and advice available to get you started on your crowdfunding plans from Crowdfunder and Power to Change’s sector experts.
Crowdfunder CEO Rob Love, said: “In these uncertain times, we’re delighted to be working with Power to Change and collaborate to support community businesses that are working hard to fight back against coronavirus. Funds like these are lifelines to so many at the moment, and we’re proud that our partnership can do something to facilitate that. We look forward to welcoming new projects onto the platform, and helping them to crowdfund.”