We are launching a new crowdfunding platform early next year. This was a Shaping Portsmouth initiative to enable local businesses and social enterprises to raise money to help their business grow, and to pitch for a share of the council's £40,000 pot of match-funding.
We will soon be holding information workshops for those who want to find out more about the scheme, including individuals who are looking to start their own business.
You will be able to pitch for crowdfunding for your business ideas around capital project costs (and could include purchasing equipment). Through the platform, you will also be able to find out about other national and local grants.
In addition, we could offer you match funding of up to £5,000 per project if you meet set criteria. These funds will be available to support a range of business areas that support Portsmouth's new Economic Development and Regeneration Strategy targets. These include:
- creating new jobs,
- residents gaining new skills, and
- increasing productivity of companies that will result in economic growth in the city.
The crowdfunding platform will be managing the due diligence checks and match projects to funders based on criteria we provide. We would especially like to hear from businesses and social enterprises who add social value.
To be the first to hear about the information workshops, sign up for our business e-bulletin.