News article

Crowdfund Cornwall formally launched in Newquay

The Crowdfund Cornwall launch at seachange's offices in Newquay, Cornwall

The Crowdfund Cornwall launch at seachange’s offices in Newquay, Cornwall

Stephen Gilbert MP, Parliamentary Private Secretary to Ed Davey MP and TV star James Strawbridge, among others, visited our offices in Newquay last week to formally launch our Crowdfund Cornwall project.

The team here at Crowdfunder showcased the abundance of talent living and working in the county after launching the first regionalised funding initiative to fund local ideas, businesses, projects plus environmental and educational ventures across Cornwall.

Crowdfunding gives idea makers a platform from which to raise capital and generate support for individual projects. It gives communities and supporters the opportunity to invest in a business, a community project or educational venture in return for rewards.

The Crowdfund Cornwall team

The Crowdfund Cornwall team

Crowdfunder Managing Director, Phil Geraghty (pictured right, far left), said: “Crowdfund Cornwall is the first time a county has ever attempted to stimulate enterprise by crowdfunding its projects. We’re excited about the opportunity for Cornwall to grow grass-roots enterprise, create new jobs and lead the UK in this way.”

Stephen Gilbert MP commented: “We welcome ideas that stimulate enterprise and create employment opportunities.” “It’s fantastic that Crowdfund Cornwall is launching from Newquay,” he added.

“It demonstrates that spirit of enterprise and innovation that can be unlocked in Cornwall – and could add real economic value.”

“If we can find an inventive way of making business happen in Cornwall, I’m all for it and am excited about Crowdfund Cornwall,” said James Strawbridge, chef and sustainable living expert.

We’re excited that to date, Crowdfund Cornwall has launched 16 projects and raised over £7,000. Enchanted Acres are the first project to successfully reach their target as part of the campaign and raised over £4,000 to provide informative workshops about healthy living.

Among the live projects are James Strawbridge and his mobile food company, Posh Pasties, and Holly Hats who is hoping to raise £2,000 to make her business Holly Hats Headwear national.

The Cornwall Yoga Centre is also asking for £2,000 to pay for a marketing campaign which will raise awareness the potential Yoga has to provide low cost health care support for vulnerable members of the community.

Businesses, social enterprises and communities can add projects to and then over 30-45 days raise a target amount via an organised campaign. The platform works on an all or nothing basis – no funds are released unless pre-agreed targets are met.

Funders can individually pledge money to a project and in return receive a reward. Rewards are given in return for pledges and can be anything from a personalised thank you letter to a one-off experience related to the project.

Website: Crowdfund Cornwall

In pictures: Crowdfund Cornwall launch in Newquay

Twitter: @CFCornwall


Posted on March 8th 2013