Black Wall Street London

Impact data and claims within this report are provided by the project creator and have not been independently verified by Spacehive.

Black Wall Street London

Black Wall Street London By Black Wall Street London

'Black Wall Street London' (BWSL) is an Afrocentric exhibition, marketplace and business development hub for Black African Caribbean entrepreneurs... Promoting an all inclusive audience.

City of Westminster Idea stage

This project is preparing for fundraising. Click Like to show your support, or Follow for updates on this project's journey.

BWSL currently support over 70 active Black owned businesses via our physical location exhibition events and Virtual Market. Addressing the real issues experienced by inequalities such as a lack of access to finance, business support and influential networks. 'The Black Million' is our fundraising campaign, created primarily to purchase our own premises, tackling many of the challenges faced by black entrepreneurs by providing accessible, affordable workspace and business trading space... THE BLACK MILLION CAMPAIGN MISSION * Purchase our own 'BWSL' premises * Establish 'BWSL' as a permanent feature in the UK * Create a one million person strong community database * Financially support and invest in other businesses OUR PURPOSE * We exist for Black Owned Business * To provide accessible and affordable workspace and business trading space * To provide solutions for the 'Strategic Challenges' experienced by Black entrepreneurs An epicentre of Black Business and Culture!

What we'll deliver:

  • Black Wall Street London purchase their own premises and build an epicentre of Black Business and Culture!
  • BWSL will provide accessible and affordable workspace and business trading space for 100+ Black Owned Businesses
  • BWSL will provide a bespoke learning centre to accommodate new and existing businesses and community youth groups
  • BWSL will provide solutions for the 'Strategic Challenges' experienced by Black entrepreneurs

Why it's a great idea:

COMPANY CULTURE BWSL is a great way to show solidarity and progressively enhance income within Black Owned Businesses. ​COLLABORATION We believe that collaboration is the key to success and it will be done with the community as the focal point. SOCIAL CAPITAL We promote the growth of social capital through effective functioning of social groups through interpersonal relationships, a shared sense of identity, a shared understanding, shared norms, shared values, trust, cooperation, and reciprocity... ​SOLUTION FOCUSED We believe that people are power! GENERATIONAL WEALTH By creating opportunities to develop, buy and own property or start and expand business ideas, we provide an abundance of value which can be passed on... Creating new jobs and opportunities for generations to come. LEGACY Leaving the gift of legacy... Our one policy solution is to improve access to credit... Creating a family culture of success in an environment that is conducive towards it.

Steps to get it done:

  • Reach our fundraising target of £1000,000 by December 2021
  • Purchase premises for BWSL by August 2022
  • Customise interior for bespoke BWSL events by December 2022
  • Open our epicentre of Black business and culture by December 2022

BWSL founder, Natasha Vigille, created 'The Black Million,' a crowdfunding campaign, designed to primarily raise funds to purchase premises for 'BWSL' after coming up against hurdles whilst trying to find organisations and venues that were not averse to hosting a Black owned business event concept... So far... We have raised £1280 from 89 members of 'The Black Million' via the 'Crowdfunder' crowdfunding platform... Thank You Crowdfunder! For the second stage of our fundraising journey... We are happy to announce our new partnership with 'BuildHer,' a Black owned crowdfunding platform. BWSL are seeking to continue to host a series of events in the near future post COVID and are looking to develop strategic relationships.

Gallery

Location City of Westminster

About the space

Our target area is London... Our preference area is East London.

Council

Devon County Council

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How will the money be spent?Total £1,094,588

Premises and customisation - £1,000,000 (91%)
Other - £94,588 (9%)

Costs Breakdown

This shows how money raised for the project will be spent. Before entering fundraising these costs will be confirmed by the project's Delivery Manager and verified by the verifier.

91%
Premises and customisation
£1,000,000
9%
Other Read More
£94,588
  • Spacehive fees
    £49,933
  • Transaction Fees
    £34,669
  • VAT
    £9,987

Overfunding

This project is enabled for overfunding. If the project hits its funding goal before the end of the campaign period, any extra funds raised will be spent (in order of priority) on:

  • Bespoke interior design
  • Support and invest in other black owned businesses
  • Employment of additional staff members

Total £1,094,588

Our Volunteer List

We're currently looking for people to offer skills and time to develop our project! Check out the list of what we need below and then use the 'Volunteer' button to the right to get involved.

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