Plymouth City Council and Crowdfunder are delighted to announce that Crowdfund Plymouth has now raised £1m for projects in the City.
Crowdfund Plymouth has distributed over £130,000 from its City Change Fund, in an endeavour to support local projects that benefit the community of Plymouth. Since the launch of the fund, which began with an initial fund of £60,000 from Community Infrastructure Levy (CIL), the Crowdfund Plymouth campaign has raised over £1m for more than 205 projects in the City.
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.
Another of the earlier projects to receive a pledge from the fund was Union Corner, who turned an empty building on Union Street into a thriving community hub and garden.
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.
Projects that are currently benefitting from Crowdfund Plymouth include the Mayflower Autonomous Ship project, which received £15,000 from the fund as part of its plan to sail across the Atlantic in 2020. Meanwhile, the Illuminate and Thanksgiving 2016 project is raising £10,000 to stage a community light parade and performance during the celebrations.
Patrick Nicholson, Deputy Leader and Cabinet member for Strategic Transport, Housing and Planning, said, “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 said, “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.”
Mel Hart, from the Plymouth School of Creative Arts, which successfully raised over £6,000 on Crowdfund Plymouth last year, said, “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!”