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Funding
'Crowdfund' your community projects
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A new website is offering the public a chance to 'crowdfund' community projects. The Scottish-based website SoLoCo, which was launched this month, will feature a number of projects which donors will be able to donate towards.
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A new website is offering the public a chance to 'crowdfund' community projects. The Scottish-based website SoLoCo, which was launched this month, will feature a number of projects which donors will be able to donate towards.
The website is run by a social enterprise of the same name and is used to attract large numbers of small donations from members of the public in a short space of time. The model had already been used successfully for arts projects in the US.
The main aim is to make it easier to raise funds and in time make it easier for organisations to be become less reliant on the 'traditional' funding bodies. The site also aims to improve the visibility of communities and all the work happening on the ground every day.
Any community project in the UK can register on the site, which will gibe them 60 days to fundraise. The site is not only open to charities and social enterprises, but also to other projects that benefit communities.
For more information visit www.soloco.co.uk
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