City Change Fund

What is crowdfunding? 2 2 2 2

What is the City Change Fund? www.plymouth.gov.uk/citychangefund

How City Change Fund works When someone wants to make a project happen, they simply have to launch a campaign on www.crowdfunder.co.uk We are notified when a new Plymouth project goes live We assess it against our criteria and decide if it is likely to be eligible/ not eligible/ more information needed An email is sent out to the relevant ward Councillors for their chance to have an input When an eligible project reaches 25% of their target goal, we will pledge up to 50% or a maximum of £20,000

Borrow Don’t Buy We pledged £3,750 (50% of their original target)

What has happened so far? The Council has pledged £250,885 on 61 projects Additional pledges of £707,880 from communities, businesses and other supporters has led to a total of £958,765 being raised for the projects we supported. The average pledge made by the council was £4,113 the smallest pledge was £150 and the largest pledge was the maximum of £20,000. Every project which the council pledged on met their initial target and 91 per cent of projects exceeding their target. Each of the projects pledged by the council had an average of 66 backers with 4120 backers in total on the council funded projects.

How you can get involved Spread the word! If you hear of any projects trying to get off the ground, direct them to Crowdfunder so they are able to access the fund! To get involved as an individual, please check the live projects on www.crowdfunder.co.uk/plymouth