On Friday, Crowdfunder UK and Plymouth City Council announced Crowdfund Plymouth received a further £180,000 from the City Change Fund as a way to enable the Council to pledge on projects that benefit the local community in Plymouth. The duo revealed that the first major recipients of a pledge from the new funds were the Mayflower Autonomous Ship project, which is raising £100,000 as part of its plan to sail across the Atlantic in 2020 as part of the Mayflower400 celebrations. MAS received a pledge of £15,000, which it will receive if it hits its crowdfunding target.
Crowdfunder UK and Plymouth City Council also explained that £5,000 from the new funds was pledged on the Illuminate and Thanksgiving 2016 project, which helped it today hit its target and raise £10,000 as part of the Mayflower400 celebrations to stage a community light parade and performance. Since launch, with an initial fund of £60,000 from Community Infrastructure Levy, the Crowdfund Plymouth campaign has raised over £989,000 for more than 140 projects in the City.
Deputy leader of Plymouth City Council, Councillor Patrick Nicholson stated:
“Crowdfund Plymouth has been a really exciting step forward in the way we distribute funds to projects in the community. It has inspired a lot of passion and enthusiasm across all kinds of projects which all help make Plymouth a great place to live, work and play in. We are all particularly excited by The Mayflower Autonomous Ship and are delighted to help the project reach its target. The potential benefits it offers to Plymouth in terms of education, legacy, and reputation are incredible.”
Phil Geraghty, MD at Crowdfunder UK, commented:
“We are delighted at the success of Crowdfund Plymouth and pleased to see Plymouth City Council commit more funds for Year Two of the campaign. We encourage more projects with a great idea to come forward so we can help make them happen.”
Mel Hart, from the Plymouth School of Creative Arts, which successfully raised over £6,000 on Crowdfund Plymouth last year then added:
“The Red House Theatre Project Crowdfunder Campaign was a bit of an emotional rollercoaster ride, but ultimately a big success for us. The pledge of £2,500 from Plymouth City Council was a massive boost for us and helped to make a big target suddenly seem really achievable – which is what we then did!”
Crowdfunder UK was launched three years ago with the support of Plymouth University. To date, the crowdfunding platform has raised over £30 million for projects across the UK and has worked with partners like Santander, Marks and Spencer and local authorities to distribute funds and make ideas happen.