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Each project is verified by partner organisation [[Locality]]<ref>[https://www.gov.uk/government/news/prime-minister-hails-the-rise-of-civic-crowdfunding]</ref> to ensure its viability before it starts funding. According to the company, the average success rate for projects on Spacehive is 49%, whilst projects that secure just 10% of their funding target have a 79% success rate.<ref>[https://www.spacehive.com/create]</ref>
Each project is verified by partner organisation [[Locality]]<ref>[https://www.gov.uk/government/news/prime-minister-hails-the-rise-of-civic-crowdfunding]</ref> to ensure its viability before it starts funding. According to the company, the average success rate for projects on Spacehive is 49%, whilst projects that secure just 10% of their funding target have a 79% success rate.<ref>[https://www.spacehive.com/create]</ref>


In addition to its core service for project creators, Spacehive provides specialised software and support services<ref>https://about.spacehive.com/partner/</ref> to help councils, companies, and foundations that it partners with to attract and fund multiple projects and to measure their social impact. Spacehive's partners include the [[Mayor of London]], [[Manchester City Council]], 15 London Boroughs, [[Esmee Fairbairn Foundation]], [[GLL]], [[Veolia]], [[BT]], and [[UnLtd]]. Spacehive projects have attracted significant press coverage in the UK and internationally. Notable supporters of Spacehive projects include the broadcaster [[Kevin McCloud]]<ref>[https://www.spacehive.com/Profile/KevinMcCloud]</ref>, the comedian [[Stephen Fry]]<ref>[http://www.bbc.co.uk/news/uk-wales-17147091]</ref>, the actor [[James Norton]]<ref>http://www.southwarknews.co.uk/news/spy-loved-swimming-bond-fave-backs-lido/</ref>, and the [[Mayor of London]], [[Sadiq Khan]]<ref>[https://www.london.gov.uk/press-releases/mayoral/mayor-pledges-support-for-community-projects]</ref>
In addition to its core service for project creators, Spacehive provides specialised software and support services<ref>https://about.spacehive.com/partner/</ref> to help councils, companies, and foundations that it partners with to attract and fund multiple projects and to measure their social impact. Spacehive's partners include the [[Mayor of London]], [[Manchester City Council]], 15 London Boroughs, [[Esmee Fairbairn Foundation]], [[GLL]], [[Veolia]], [[BT]], and [[UnLtd]]. Spacehive projects have attracted significant press coverage in the UK and internationally. Notable supporters of Spacehive projects include the broadcaster [[Kevin McCloud]]<ref>[https://www.spacehive.com/Profile/KevinMcCloud]</ref>, the comedian [[Stephen Fry]]<ref>[http://www.bbc.co.uk/news/uk-wales-17147091 Stephen Fry in Twitter appeal for Glyncoch Community Centre, BBC News]</ref>, the actor [[James Norton]]<ref>[http://www.southwarknews.co.uk/news/spy-loved-swimming-bond-fave-backs-lido/ James Norton Backs Lido, Southwark News]</ref>, and the [[Mayor of London]], [[Sadiq Khan]]<ref>[https://www.london.gov.uk/press-releases/mayoral/mayor-pledges-support-for-community-projects Press release | Mayor of London]</ref>


==Rewards==
==Rewards==
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==Awards==
==Awards==
*Global Urban Innovator, 2016 - New Cities Foundation<ref>http://www.newcitiesfoundation.org/global-urban-innovators/spacehive-2016/</ref>
*Global Urban Innovator, 2016 - New Cities Foundation<ref>[http://www.newcitiesfoundation.org/global-urban-innovators/spacehive-2016/ Spacehive: Global Urban Innovators]</ref>
*Big Society Award - [[10 Downing Street]] <ref>https://www.gov.uk/government/news/prime-minister-hails-the-rise-of-civic-crowdfunding</ref>
*Big Society Award - [[10 Downing Street]] <ref>[https://www.gov.uk/government/news/prime-minister-hails-the-rise-of-civic-crowdfunding Press release | Gov.uk]</ref>
*Winner, Big Venture Challenge - [[UnLtd]]<ref>http://socialenterprise.guardian.co.uk/social-enterprise-network/2011/oct/04/big-challenge-winner-chris-gourlay</ref>
*Winner, Big Venture Challenge - [[UnLtd]]<ref>[http://socialenterprise.guardian.co.uk/social-enterprise-network/2011/oct/04/big-challenge-winner-chris-gourlay Spacehive | The Guardian]</ref>
*Top 50, New Radicals 2014 - [[Nesta]]<ref>[http://www.nesta.org.uk/news/new-radicals-2014/spacehive Spacehive | Nesta<!-- Bot generated title -->]</ref>
*Top 50, New Radicals 2014 - [[Nesta]]<ref>[http://www.nesta.org.uk/news/new-radicals-2014/spacehive Spacehive | Nesta]</ref>


==References==
==References==
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== External links ==
== External links ==
* {{official website|https://www.spacehive.com/}}
* {{official website|https://www.spacehive.com/}}
* [https://www.youtube.com/watch?v=SKFAJBS4GVs In the city with: Spacehive Founder Chris Gourlay, IBM People for Smarter Cities]
* {{Crowdfunding that is about people, not profits, The Times|http://www.thetimes.co.uk/article/crowdfunding-that-is-about-people-power-not-profits-d3q7t6wn9}}
* [http://www.thetimes.co.uk/article/crowdfunding-that-is-about-people-power-not-profits-d3q7t6wn9 Crowdfunding that is about people, not profits, The Times]
* [http://www.wired.co.uk/article/built-by-the-crowd Built by the crowd: the changing face of public infrastructure, WIRED]
* [https://www.london.gov.uk/what-we-do/business-and-economy/science-and-technology/smart-london/mayor-and-tech/civic The Mayor of London's civic crowdfunding programme, London.gov.uk]
* [https://data.london.gov.uk/dataset/mayor-s-crowdfunding-programme-social-impacts/resource/797ad009-48ad-4c37-a590-cd5da9a26729 Understanding the social impact of the Mayor's civic crowdfunding programme, GLA Intelligence]
* [http://techcitynews.com/2014/11/07/spacehive-2m-future-cities-crowdfunding/ Spacehive raises $2m for "future cities" crowdfunding, Tech City News]
* [https://www.gov.uk/government/news/prime-minister-hails-the-rise-of-civic-crowdfunding Prime Minister hails the rise of "civic crowdfunding", Gov.uk]
* [http://www.economist.com/blogs/schumpeter/2013/09/civic-crowdfunding Civic crowdfunding, The Economist]
* [https://www.youtube.com/watch?v=aQY-CgR6-KQ Meet the UK's crowdfunding superstars, BBC Inside Out]
* [http://articles.latimes.com/2013/feb/02/entertainment/la-et-cm-culture-britain-london-tottenham-20130203 In Britain, Spacehive helps the people to get civic projects done, LA Times]


[[Category:Crowdfunding platforms]]
[[Category:Crowdfunding platforms]]

Revision as of 21:08, 19 November 2016

Spacehive
File:Spacehive logo.png
Type of site
Crowdfunding
Headquarters
London, United Kingdom
Founder(s)Chris Gourlay
URLwww.spacehive.com

Spacehive is a United Kingdom-based crowdfunding platform for projects aimed at improving local civic and community spaces.

Overview

Spacehive was launched in March 2012 and has funded over £6.1 million of projects including a giant water slide down a high street in Bristol[1], the revival of Peckham Lido in London,[2] and a community centre in the deprived ex-mining town of Glyncoch, Wales.[3] According to the company's website, its mission is to "empower people to create & fund projects that make local places better". As of November 2016, 245 projects have been successfully funded on the platform, raising £6.1 million.

Spacehive was founded in 2011 by Chris Gourlay, a former Sunday Times journalist who specialised in architecture and planning stories.[4]

Supported by the Big Lottery Fund and a mix of private and social investors, the social business maximises sources of funding for projects by allowing cash raised through crowdfunding to be combined with grant funding streams available for civic projects. Backers of projects are only charged if the funding target is reached.

Project creators can apply for grants via the platform at the same time as crowdfunding and can use a tool to request volunteers to help with fundraising and project delivery via an integration with the online volunteering services Do-it[5] and Team London[6]. They can also request in-kind contributions towards the cost of the project.

Each project is verified by partner organisation Locality[7] to ensure its viability before it starts funding. According to the company, the average success rate for projects on Spacehive is 49%, whilst projects that secure just 10% of their funding target have a 79% success rate.[8]

In addition to its core service for project creators, Spacehive provides specialised software and support services[9] to help councils, companies, and foundations that it partners with to attract and fund multiple projects and to measure their social impact. Spacehive's partners include the Mayor of London, Manchester City Council, 15 London Boroughs, Esmee Fairbairn Foundation, GLL, Veolia, BT, and UnLtd. Spacehive projects have attracted significant press coverage in the UK and internationally. Notable supporters of Spacehive projects include the broadcaster Kevin McCloud[10], the comedian Stephen Fry[11], the actor James Norton[12], and the Mayor of London, Sadiq Khan[13]

Rewards

Unlike other crowdfunding sites that offer material rewards to incentivise backers, most Spacehive projects simply offer delivery of the project itself.

Awards

References

  1. ^ [1]
  2. ^ [2]
  3. ^ [3]
  4. ^ [4]
  5. ^ [5]
  6. ^ [6]
  7. ^ [7]
  8. ^ [8]
  9. ^ https://about.spacehive.com/partner/
  10. ^ [9]
  11. ^ Stephen Fry in Twitter appeal for Glyncoch Community Centre, BBC News
  12. ^ James Norton Backs Lido, Southwark News
  13. ^ Press release | Mayor of London
  14. ^ Spacehive: Global Urban Innovators
  15. ^ Press release | Gov.uk
  16. ^ Spacehive | The Guardian
  17. ^ Spacehive | Nesta
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