A crowdfunding initiative has been launched by Swansea Council to help improve communities throughout the area.

The council has teamed up with national crowdfunding platform Spacehive to launch Crowdfund Swansea. The initiative gives residents with project ideas the ability to attract funding from the community, council, businesses and foundations through an online portal.

The aim is to provide a springboard for project ideas to attract the funding they need more easily, whilst enabling everyone who cares about the area to contribute. Projects can range from building a new community centre or improving the local park to improving a playground or putting on a street festival.

Andrew Stevens, Swansea Council’s Cabinet Member for Better Communities (Place), said:

We’re excited to launch this initiative. I can’t wait to see the range of ideas that the people of Swansea bring forward. Local people are best placed to understand the challenges and opportunities in their local area and this model puts them and their ideas in the driving seat. People or groups with project ideas can start posting them on the platform now. They can request pledges towards their crowdfunding campaign. I’m also calling on companies, foundations and others who care about Swansea to offer support - funding or in-kind - to ideas posted on the platform. Together, we can then turbocharge the success of their campaigns. The more people that get involved in Crowdfund Swansea the more amazing places we can create together.

People and organisations can pledge as little as £2 towards a project and contributions are only charged if the campaign hits its target. The council has allocated a fund of £75,000 to back the best project ideas with up to 50% of their funding target, with a maximum of £5,000. They will pledge to campaigns twice a year – guided by a selection panel - and Spacehive will deliver a programme of events and support to help people with ideas to prepare campaigns. 

The deadline to create your project on Spacehive and pitch to the Crowdfund Swansea Fund is the 27th January.

To get started, share your idea with the Spacehive team by clicking here.

You can also join Spacehive for a local workshop between 6-7.30pm on the 28th November at Tabernacle Chapel, Woodfield St, Morriston, Swansea SA6 8BA, to discover how to prepare your own crowdfunding campaign.

For inspiration, you can browse over 700 successful projects on Spacehive by clicking here.

If you would like to request an invite to the workshop, have any questions about Crowdfund Swansea or would like to join the mailing list for updates, please contact [email protected]

You can find out more about Spacehive at their website: www.spacehive.com