On Monday, Crowdfunder UK, along with the Plymouth City Council, announced Crowdfund Plymouth has successfully raised £1 million for projects in the City.
According to the duo, Crowdfund Plymouth has distributed more than £130,000 of its City Change Fund to support local projects that benefit the Plymouth community. The campaign has raised the funds for more than 200 projects.
“The first project to receive a pledge through the fund was Stiltskin’s Soapbox Children’s Theatre, who used the money to successfully transform a disused World War II building in Devonport Park into an award winning children’s theatre. They went on to launch a second successful Crowdfunder project, Make An Entrance, in early 2017 to improve access to the theatre which has now also been completed.”
Crowdfunder UK and the Plymouth City Council also noted that other successful projects include Urban Studios, who also received match funds from City developer Plutus Powergen, and Borrow Don’t Buy, who received additional match funds from the Santander Changemaker Fund.
Patrick Nicholson, Deputy Leader and Cabinet member for Strategic Transport, Housing and Planning, stated:
“Crowdfund Plymouth has been a really exciting step forward in the way that 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 to make Plymouth a great place to live, work and play in.”
Phil Geraghty, Managing Director at Crowdfunder added:
“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 that we can help make them happen.”
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