Published 17th March 2017
The Local Government Information Unit (LGiU), in partnership with Spacehive, has released a practical guide designed to help officers and councillors unpick the different types of crowdfunding, their uses within and outside local government, and contains practical tips for those who wish to give crowdfunding a try.
• Donations-based crowdfunding
• Equity crowdfunding
• Peer-to-peer (P2P) lending
There are many questions about what exactly crowdfunding is, how it can be used in a local government context and how to weigh its risks and benefits. Although the guide is aimed primarily at principal councils, it does shed some light on this area so that people working in local councils can make informed choices about if and how to get started. SLCC has recently published information about crowdfunding in The Clerk magazine and a further case study from Frome TC will be included in the coming edition in May.
Click here to view the full guide. (Available to SLCC members only.)