Tyneside Crowd gives you the opportunity for neighbours, friends, family and the local community to back your project with a pledge. If you can demonstrate community backing for your project through your campaign you might also receive a pledge of up to £5,000 from the funds associated with Tyneside Crowd.
As this is not a regular grants programme, below is a brief overview of the process:
1. Creating your project
Create a project page on Spacehive at http://www.spacehive.com/create outlining what your project is all about
Your project will be automatically linked to other funds in the Tyneside area – you can then pitch to them for support
Spacehive will verify your project – make sure your costs add up and permissions are in place
Once all checks are completed you will be advised when your project is ready to start crowdfunding
2. Starting your crowdfunding campaign
Begin by trying to get lots of small pledges from the community to demonstrate community need and support for your idea
Once you have achieved about 10% your target (and / or a good number of backers from the community) Tyneside Crowd will assess your project, the support from the community, and decide whether or not to pledge to your project
The amount Tyneside Crowd will pledge will depend on the size of the project, how it delivers against their priorities, the impact it will have and the buy in from the community.
Note: the Tyneside Crowd will not be the first organisation to pledge as they want to see that there is community support for your project.
Please email firstname.lastname@example.org for more information.