£5,000 match funding for small businesses in the North East

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Offering support in response to COVID-19

Crowdfunder and the North East LEP have come together to help support businesses in this time of crisis. If your business fits with the criteria of this fund you could get an extra cash injection alongside what you raise from the crowd. Find out more and apply.

About this fund

Active Crowdfund North East Lep project fund
Crowdfund North East LEP
Get up to £5,000

This fund provides support to businesses, charities, social enterprises and sole-traders seeking to cope in challenging trading conditions as a result of the COVID-19 pandemic.

You need a crowdfunding project to apply for funding. Start or continue adding your project and, if eligible, you'll be prompted to apply.

Criteria

Crowdfund North East LEP may pledge up to 50% of your project target, up to a £5,000 maximum pledge. Before completing your application for match funding we ask that you carefully read this guidance note.

A pledge of grant support from the North East LEP will be triggered by the following:

  • Business has reached 25% of Funding Target from crowdfunding
  • At least 10 unique backers have pledged towards your target
  • An application for North East LEP pledge is approved
  • Once you have reached 25% of your target a match funding pledge of 25% (max £2,500) will be made. When you reach 75%, the second pledge of an additional 25% (max £2,500) will be made.

To access the match funding you must:

  • Be a small business with no more than 10 full-time equivalent employees
  • Be an existing registered business, charity or sole trader
  • If a sole trader you must have been operating for at least 12 months
  • Be able to demonstrate that the business has been adversely affected by Covid-19
  • Be seeking to raise a minimum of £2,000 (i.e. seeking a minimum matchfund contribution of £1,000)

Those businesses who are not eligible for the Small Business Grants Fund or Retail, Hospitality and Leisure Grant Fund will be given priority.

How to apply for this fund

Start by setting up a crowdfunder project, if eligible you will be able to apply 


Projects supported by North East LEP


Crowdfunding in 60 seconds

Got a minute to spare? Watch our 'how it works' animation. You'll get a brief overview of how crowdfunding works and what extra support, services and money that only Crowdfunder can give you. 

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How +Extra funding works

start crowdfunding

Start a project

 Start a new project on Crowdfunder, tell us the basics and a rough outline of your story. Then we can show you funds that you may be eligible for.

Get the word out

Apply for funding

You can then choose to make an application for a relevant fund. If a partner likes your project, they may agree to support it.

Get funded

Start crowdfunding

Start raising money from the crowd and once you reach an agreed percentage of your target, one of our partners could boost your total with a large donation.

Learn to crowdfund

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Enter your email here and we’ll send you the criteria to review later on.

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