CROWDFUNDING

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BackIt – a Tesco and Seedrs run platform

Tesco BackIt gives small food and drink businesses the chance to show off their products and campaign for funding. You must be a UK business with products not already in supermarkets. Tesco will review the campaigns and will provide advice and mentoring from industry experts if you are successful. There is a £2,000 minimum target with no maximum.  The costs to the business are 1.4% (+20p) payment processing fee from Stripe the payment provider.  Backers are offered product related rewards. Have a look at the criteria https://backit.tesco.com

Barclays Life Skills on Spacehive

Barclays is using Spacehive and crowdfunding to get young people running campaigns that develop their skills. If you’re 16-24, they could pledge up to half of your fundraising target up to a total of £500.

Common Good Fund

Small grants of £250-£5,000 as seed funding for local groups and organisations

The purpose of grants is to address recent and long entrenched tensions in local areas between faith and ethnic communities.

Alternative finance matchmaking service for business

Nine of the UK’s banks will pass on the details of small businesses they have rejected for finance to three finance platforms – Funding Xchange, Business Finance Compared and Funding Options. These platforms will then share these details with alternative finance providers.

More than a Pub

The Community Pub Business Support Programme is a unique two year programme established to help support community ownership of pubs in England. Its value is £3.62 million and is jointly funded by the Department for Communities and Local Government and Power to Change.

Spirit of Women Changemakers small grants

The programme will fund activity in the UK that improves the wellbeing of women and girls who are subjected to harmful gender norms and stereotypes. Grants of £5-£15,000. Deadline for EOI 22 December.

P2P Loan finder

Racefields has set up a free service for businesses that are raising finance. Using the information you send they will make multiple applications to peer-to-peer platforms on your behalf.

This is a free service. They do not charge an application fee, processing fees or a completion fee. They are paid a commission by a platform if your loan application is successful.

Go to www.racefields.com/