Crowdfund Portsmouth

The Small Business Fund

Support for businesses during Covid-19 pandemic

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Now offering financial support in response to COVID-19

Portsmouth City Council and Shaping Portsmouth are adjusting the Crowdfund Portsmouth match funding criteria to ensure that our business community has the help it needs.

If you have been adversely affected by COVID-19, this funding aims to help you to access an immediate alternative revenue stream, and a community of business support.

Some grant funding is available to businesses in Portsmouth and our focus will be on sectors not covered by the package of measures as announced and updated daily by central government.

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Our crowd has raised over £70 million for bright ideas and good causes.

About the fund

Active Crowdfund Portsmouth: Small Business Fund project fund
Crowdfund Portsmouth: Small Business Fund
Get up to £5,000

Crowdfund Portsmouth supports constituted organisations, businesses, social enterprises and individuals tackling the impact of 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

You may be eligible for a pledge from the Crowdfund Portsmouth fund up to 50% of your project target (£5,000 maximum pledge). Before completing your application for match-funding we ask that you carefully read the Portsmouth City council terms and conditions Read here

Essential criteria

To be eligible for match funding, businesses will:

  • Be from an existing business (including e-commerce) / constituted organisation / Social Enterprise – if you are freelance or self-employed, you will need to evidence that you have been operating for at least 12 months.
  • Be State Aid compliant
  • Can demonstrate they have been adversely affected by COVID-19 - e.g. showing evidence of declining cashflow/loss of bookings
  • Can demonstrate community support (match funding from the crowd)
  • Be formally constituted in the UK, and have their own bank account with at least two signatories
  • Have been in operation for at least one year
  • Eligible projects will need to achieve 25% of the funding target, which must have come from at least 10 unique backers to trigger the pledge
  • Achieve the total project target (at least 100%) to receive the funds

Projects we cannot support with a pledge include:
  • Activities that promote political views or religious beliefs.
  • Statutory organisations.
  • Spending that has already taken place.
  • Projects already fully funded by other sources.

Portsmouth City Council reserves the right to not fund, or to withdraw funding during a campaign if it becomes apparent that any of the criteria are not being met.

PCC also reserves the right to amend this information at any time. PCC also reserves the right to amend this information at any time.

Projects in Portsmouth

How crowdfunding works

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Add your idea to Crowdfunder

Create your unique page. Tell your story and explain your idea. Then set a target and how long you need to reach it.

Get the word out

Get the word out

Spread the word to friends, professional contacts and others in your community. Tell everyone you know about your project.

Get funded

Get funded

People who like your idea donate or pledge money in return for a reward they’ll receive once your project succeeds.

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