Crowdfunding: a viable alternative for financing public sector infrastructure?

5th June 2019

At a time when public sector finances are under ever-increasing pressure, crowdfunding has the potential to offer a new model of finance via an investment-based business model that generates social, environmental and economic returns.

A recent report concludes that the public sector is yet to make the most of the opportunities offered by crowdfunding and to realise the financial and non-financial benefits it has been shown to generate. 

The key findings of the report, which draws from an assessment of six case study projects examining the suitability of crowdfunding for the public sector, are that it:

  • Helps to overcome existing knowledge barriers with respect to crowdfunding
  • Provides a decision-making tool to demystify the process of utilising crowdfunding as a public body
  • Shows how crowdfunding can be utilised to create new forms of civic engagement with local residents and service users
  • Presents a new Community Municipal Bond structure

Local Partnerships has been part of the cross sector team, led by the University of Leeds, researching the viability of crowdfunding as an alternative source for funding public sector infrastructure.

The East of England LGA has secured Rosie Pearson, Programme Director at Local Partnerships, to give a keynote address on this innovative, cutting-edge approach to public sector financing at our annual Finance Summit on Friday 21st June at the Granta Centre in Cambridge.

To hear from Rosie and a range of other great speakers, including representatives from CIPFA, MHCLG and the national LGA, sign up on our web-site at: https://www.eelga.gov.uk/events/east_of_england_annual_finance_summit_2019/

 

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