Crowd-funding builds town's community centre
Sunday 25 March 2012
The ex-mining town of Glyncoch, South Wales, is the unlikely benefactor of a "crowd-funding" movement that harnesses private funding for community building projects. After spending seven years chasing state cash for a £792,000 community centre, residents used a new crowd-funding website to raise the money.
With tens of thousands still to raise before their public grants expired, the town appealed to local families, celebrities and businesses to fill the void. Using Spacehive.com as a hub for donations, the town gathered support from a wide array of places.
The site allows anyone with an idea to pitch it online and, once it's been certified by Spacehive, if it achieves the necessary funding, it can be built. Glyncoch was the first time such a large project had turned to the scheme. Tesco, Asda, Deloitte and the Wales and West Utilities all added to the pot. Residents dug deep, raising thousands through street collections, bingo nights and sponsored events. Pledges came from as far afield as Newfoundland.
"Enabling the public to take direct action could help vital improvements go ahead by channelling funding from companies and individuals," said Liz Peace, British Property Federation head.
- 1 Russell Brand says he will 'probably' give up acting to focus on his revolution
- 2 Watch what happened when food critics were unknowingly served McDonald's
- 3 David Beckham's Haig Club whisky is exactly what’s wrong with the Highlands
- 4 Queen's first tweet: Reply telling Her Majesty to 'f*** off' broadcast on BBC News
- 5 #AskNigelFarage: Twitter starts hilarious Q&A for Ukip leader
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Tony Blair 'says Ed Miliband will lose 2015 general election'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Putin: The US is to blame for almost all the world's major conflicts
Attacks on 'Ukip Calypso' show how skewed people’s priorities are
£110 - £200 per day: Randstad Education Leeds: Secondary Maths Teacher for spe...
£40000 - £50000 Per Annum Excellent benefits: Clearwater People Solutions Ltd:...
£30000 - £35000 Per Annum Excellent benefits: Clearwater People Solutions Ltd:...
£35000 - £40000 Per Annum Excellent benefits: Clearwater People Solutions Ltd:...