Mayor pledges £600k for local projects through crowdfunding scheme

Jul 10, 2019 · Mayor urging Londoners to add their support and make a difference to their communities

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Creating public access to 26 miles of riverside in Newham and building a local events space in Lambeth are among a host of community projects across London backed by the Mayor Sadiq Khan’s crowdfunding programme.

Projects which have this year successfully bid for Mayoral support through Crowdfund London gathered at City Hall yesterday (July 9) for an event to recognise their success and connect them with potential backers who could help them meet their funding targets.

A total of 23 local projects have received Mayoral pledges worth as much as £612,500 through the sixth round of the programme. If all the projects hit their funding targets – including the Mayor’s contributions – this will equate to more than £2.2 million, the highest of any funding round so far.

Since it was launched in 2014, Crowdfund London has backed more than 100 successful projects across the capital – including transforming disused garages into a neighbourhood hub in Elephant and Castle, and a community centre and café in Tottenham.

While support from the Mayor is important to helping make these proposals happen, under the crowdfunding model each project must hit its target or it will receive no funding at all – so the Mayor is urging Londoners to back something in their local area and help bring it to life.

The programme is delivered in partnership with online civic crowdfunding platform Spacehive and is funded by the London Economic Action Partnership (LEAP), the local enterprise partnership for London.

"Each year Crowdfund London goes from strength to strength. I’m proud to back these 23 fantastic projects which have the potential to make a really positive impact on communities across our city.

"Through my crowdfunding programme, Londoners can get behind them too and I urge people to make a pledge to help turn these brilliant ideas into reality." - Sadiq Khan, Mayor of London

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