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 City of Wolverhampton Council Fund 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 30th March 2020.
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 April and July 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.
We are looking to fund interesting, innovative projects that have been designed to specifically benefit children and/or young people. Your project should actively involve children and young people in the planning and/or delivery of the project.
We particularly welcome those projects that are led by children and young people under the age of 25 (if you are not aged 18 years or over but have a great idea you wish to crowdfund for, you will require an adult sponsor to apply on your behalf).
Projects should reflect the overarching objectives of Crowdfund Wolves and contribute to the city by improving places, spaces or the quality of life of our residents.
Projects must have already raised 30% of the funding for their project through crowdfunding. The Wolves Squad (Children and Young Peoples) Fund can pledge up to 10% of the total project costs to your live crowdfunding campaign in the first instance.
Create your project on Spacehive and pitch to the fund by 30th March 2020.
Projects must benefit Wolverhampton residents and/or projects must be located in the city boundaries.
Projects must have already raised at least 30% of the funding through crowdfunding, the council will provide no more than 10% of the total project costs or £1000, whichever is the lesser amount.
Projects must contribute to improving places, spaces or residents’ quality of lives.
Schemes that provide added value/additionality will be prioritised e.g. use of volunteers.
If your project does not take place, the City of Wolverhampton Council grant funding must be returned in full.
Successful projects must acknowledge support from Crowdfund Wolves in any publicity, communications or media releases.
The Wolves Squad (Children and Young Peoples) Fund does not restrict projects applying for other City of Wolverhampton funds on Spacehive: projects which are an event (or contain an event as an element of their project) could receive a further up to 10% of project costs. In addition, up to 10% of project costs (or up to £5,000) can be met by the City of Wolverhampton Council fund when projects reach 50% of their funding target.