Funds & Support

We are interested in funding a range of projects that contibute to the city! Projects must contibute to improving places, spaces or residents' quality of life.

• Projects must have already raised at least 50% of the funding through crowdfunding. The council can provide up to 10% of the total project costs in the first instance.
• Projects which are an event (or contain an event as an element of their project) could receive an up to 10% of project costs in addition
• Schemes that provide added value/additionality will be prioritised e.g. use of volunteers
• The council would support those projects which make a significant contribution to the delivery of the corporate plan, deliver skills and or contribute to efficiency outcomes. 

The council would like to support projects which make a significant contribution to the delivery of the corporate plan, deliver skills and/or efficiency outcomes. 

Below is a brief step-by-step guide to submitting an application:
 

• Create a project page on Spacehive outlining what your project is all about and what it will deliver
• Your project will be automatically matched to the Fund on Spacehive – so you can then pitch to the fund
• Locality, a third party that Spacehive work with, will then verify your project – check the costs and permissions
• Once all checks are complete you will be advised when your project is ready to begin fundraising
• Before starting fundraising, consider the length of your campaign.
• Start by trying to attract lots of small pledges from your community to demonstrate a local need and support for your idea
• Decisions about pledges will be made when you hit 50% of your crowdfunding target.
• Initially the fund will pledge no more than 20% of your target. 
• Continue fundraising, hit your target and deliver your project!

Crowdfund Wolves will be running a funding round to help you turn your idea into a reality. Participating in the funding round will enhance awareness locally of your crowdfunding project and increase the likelihood of support from the crowd.

If you’d like to be considered as part of this funding round for publicity and potential pledges for your project idea then please follow the steps below:

1. Expression of Interest 

Complete our expression of interest form at your earliest convenience to inform us of your project idea and knowledge of crowdfunding. A member of the team will be in touch to provide you with the necessary information and support you may need to help get your project started.

To enable the team to help with any queries you may have and to ensure you can get your project page developed, the earlier you are able to express your interest in running a project the better! 

2. Create your project on Spacehive and pitch it to Crowdfund Wolves fund

Create your online project page and you will automatically be matched to Crowdfund Wolves. Remember your page is the place to showcase your project to attract potential pledges. Ask for support and feedback to make your page the best it can be!  

Projects that would like to be included in this funding round must have their online page completed by Wednesday 18th September.

3.  Submit your project for verification

The costs and necessary permissions on your page will be verified by an independent verifier, Locality, to enable you to begin campaigning shortly afterwards.

4. Start crowdfunding

Run your crowdfunding campaign between September and December to be considered in this funding round by the Council and other funders for a possible pledge. Ensure your campaign has sufficient length to attract support from the crowd to meet your target. 

We will consider pledging to projects which, in addition to meeting our funding criteria, demonstrate that there is community backing. So you must begin your crowdfunding campaign and attract as many individual backers as possible. We recommend that backers include their postcode (which they can do when they make their pledge) as that will tell us that this is a project that people want to see happen locally, in their community. 

If you have any questions about how to take part in this funding round, email the Spacehive team at info@spacehive.com, and/ or email the Crowdfund Wolves team at service.development@wolverhampton.gov.uk