Over the next two years, Crowdfund Walsall (UKSPF) are able to provide funding for projects, which improve places, spaces or resident's quality of lives in Walsall. There is up to £5,000 or 60% of your project target available, per organisation, per fund, per year (following the calendar year from January to December).
UK Shared Prosperity Fund priorities support projects that bring people together, build on community spirit or enhance the places and spaces of our borough. We want to support creative, locally led proposals that help the area recover and grow stronger. Building resilient, healthy, and safe neighbourhoods, that people want to live, work, play and learn in, through targeted improvements to the built and natural environment.
Our priorities are: Capacity building and infrastructure support for local groups.
All projects must be located within the borough boundaries. Crowdfund Walsall (UKSPF) is only able to match-fund projects that are being delivered by constituted organisations including registered/local charities, community groups, social enterprises, residents and trader associations.
Outcomes of this fund are improved engagement numbers for your organisations. These will be monitored through your current engagement numbers, then expected engagement numbers, revisited at the end of your project and then again at 12 months after the intervention.
Complete our Project Ideas form as soon as possible to tell us about your idea and register for a workshop (see News & Events tab for more information).
2. CREATE YOUR PROJECT ON SPACEHIVE
Create your project page and pitch document on the Spacehive portal, which will match you to the fund name. You are encouraged to create your project early, to unlock support from the Spacehive team.
3. GET YOUR PROJECT VERIFIED
The project costs and necessary permissions will be checked by Spacehive's verifiers before you begin crowdfunding. Submit early to ensure you’re verified before the deadline. Verification takes an average of four days where project creators have the relevant documents to hand.
Before you submit for verification, make sure that you have:
Evidence of costs (e.g. building work quotations, links to online shop listings, UKSPF adheres to Public Contract Regulations - where single items are over £2,500 we will require 3 quotatations).
Evidence of any funds that you have received for this project that you would like to have shown on your campaign (e.g. grant agreement, scan of a cheque, bank statement).
4. LAUNCH YOUR CROWDFUNDING CAMPAIGN AND PITCH TO THE FUND
Once verified, launch your crowdfunding campaign. Ensure you have submitted your fund pitch by the deadline too, to be considered for a pledge from the council.
Please note: the council will not be the first organisation to pledge to your project and will first want to see community support and backing, in the form of pledges from local people towards your campaign.
Start by getting lots of small pledges from the community to show local support for your project. This will help unlock bigger pledges.
Please note: a typical crowdfunding campaign should not exceed three months.
5. ASSESSMENT AND PLEDGE
The council will review all projects typically 6 weeks after the deadline and successful projects can expect to receive a pledge of up to a maximum pledge of £5,000 (or 60% of overall project costs) during their live campaign. For example, a £8,000 campaign could get up to £4,800.
6. HIT YOUR TARGET AND DELIVER YOUR PROJECT
You need to hit your target in order to receive the funds you raise. Please allow up to three weeks to receive funds once your campaign ends. Once you deliver your project, you can update your backers by completing a colourful impact report on Spacehive.
To learn more about crowdfunding on Spacehive, visit the Help Centre.
For any additional questions, please contact Spacehive on support@spacehive.com.
