Crowdfund London (external link) gives you the opportunity to pitch new ideas - big or small - for community-led projects to make your local area even better.
The best could attract a pledge of up to £50,000 from the Mayor, who wants to back crowdfunding campaigns that demonstrate local support. If you get a pledge and then hit your target, the Mayor of London will support you to bring your idea to life.
In 2018 they have up to £1m to support creative local projects, with more in future years, so it's never too early or too late to make a start.
How to get involved in 2018
You and your community need to come together to create something new and exciting to benefit the whole neighbourhood.
You’ll need to be ready to run a crowdfunding campaign and pitch to their fund on partner website Spacehive by 3rd September. The Mayor will pledge to campaigns towards the end of October and if all goes well, you’ll have your cash at the beginning of 2019.
Anyone can take part in Crowdfund London. However, to be eligible for a pledge from the Mayor, you must:
- Be a constituted local organisation- we can't fund individuals. If you are an individual, you would need to partner with an appropriate local organisation (or start a new one with other local people) and develop your idea together.
- Be able to enter into legal contracts with the Greater London Authority and have an organisation bank account. We can fund groups operating under a range of legal structures including registered charities, unincorporated associations (although one or more members may need to be named and liable for the contract), community interest companies and co-operative or community benefit societies.
- Demonstrate clear and representative governance arrangements (your mission statement, who you represent, how you conduct yourselves and your membership, key roles and responsibilities etc.) and provide details of your organisation bank account.
The Mayor’s Office are really open minded to different types of ideas but typically they will be civic improvement projects.
Projects must be:
- In Greater London
- Well resourced with a clear plan and budget
- Managed by an organisation representing their community
- Not for profit proposals that serve the local community
They want to pledge to projects that:
- Celebrate and strengthen the special character of your area
- Respond to a local challenge or opportunity in a creative way
- Give an unused space a new lease of life
- Help the local economy
- Give local people lasting skills and opportunities
- Make everyone in the community feel welcome and involved
- Attract strong support from the community - shown through a spirited crowdfunding campaign and other evidence
- Are environmentally sustainable
- Provide access to affordable workspace for creative or start-up businesses
- Engage local people in a co-design process to improve a local public space or park
- Help to make your high street a better place to visit or do business,
- Improve or establish a local market
- Give a new lease of life to an unloved space or empty building
- Improve access to healthy and affordable food
- Create a beautiful new green space or cultural feature that attracts people to the area
They are looking for ideas that show innovation and enterprise and aspire to achieve a wider social good.
For all the information you need to apply click here (external link)