Decision details

CrowdfundSK

Decision Maker: Cabinet Member for Communities & HR

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To seek approval for the criteria and the composition of the determining panel that will be used when considering financial pledges for CrowdfundSK campaigns.

Decision:

That the Cabinet Member for Communities and HR approves the criteria and the composition of the determining panel that will be used when considering financial pledges for Crowdfunding campaigns.

 

Reasons for the decision:

To provide the delegated authority for the determining panel to make decisions in relation to the awarding of funding pledges through the application of clear criteria.  This methodology will allow for robust, objective and transparent decision making.

 

 

Alternative options considered:

Campaigns for funding can be made through CrowdfundSK by constituted community groups, charities, social enterprises, community interest companies and by individuals. 

 

Organisations pitching a campaign must have their own constitution/articles of association and individuals must provide an independent testimonial/reference to prove their capability and capacity to deliver a project.

 

CrowdfundSK will operate two rounds peryear for groups and individuals to upload campaigns that show community support and seek community funding.

 

Projects must show how they will enhance our communities and neighbourhoods and must capture and deliver under at least one of the following headings:

 

·                Culture – giving people a platform to participate in leisure and cultural activity and promoting opportunities in the use of new and emerging technologies

·                Communities – projects that encourage safe and cohesive communities, celebrating similarities and differences

·                Environment – projects that enhance and ensure the sustainability of local areas – encouraging the use of parks, woodlands, recreation grounds, community orchards etc

·                Partnering – local people working together to develop and deliver projects that make a real difference to the communities and the areas where we live

·                Growth – developing and delivering projects that promote inclusive and sustainable economic growth that could potentially provide employment for and within our communities

·                Wellbeing – delivering projects that encourage healthy lifestyles, promote good mental wellbeing and help people to live independent lives

CrowdfundSK has been allocated £70,000 by the Council to be utilised for financial pledges to projects delivering community impact.  All projects must be located within South Kesteven and be for the benefit of South Kesteven’s communities.

 

Campaigns could be eligible for a pledge from South Kesteven District Council of up to 50% of their target or up to a maximum of £10,000 for projects delivered by constituted groups and £2,500 for projects delivered by individuals.

 

Pledges will be determined by a panel of five people.  It is proposed that the panel will include three members of the CrowdfundSK Project Team, the Cabinet Member for Communities and HR and one further member of SKDC staff chosen at random following a call for volunteers.

Campaigns will be scored using the CrowdfundSK project scoring sheet attached at Appendix A to report CE&R001.  This exercise will determine whether a project could be eligible for a financial pledge from SKDC and to what value – for example, for campaigns from constituted groups pledges could be made using the following guide:

 

·         5/10 = 25% of project value or max £5,000 

·         6/10 = 30% of project value or max £6,000 

·         7/10 = 35% of project value or max £7,000 

·         8/10 = 40% of project value or max £8,000 

·         9/10 = 45% of project value or max £9,000 

·         10/10 = 50% of project value or max £10,000 

 

The above represents the maximum pledge possible rather than a guarantee of funding. Simply achieving the scores above will not secure a pledge from SKDC. Each project must show community support through the financial pledges it receives.  How well the project is supported by the ‘crowd’ will make up 50% of its score.  This will be evidenced through the results of the question 2 in the CrowdfundSK Project Scoring sheet.  The remaining 50% will be determined through the remaining criteria as set out in the scoring sheet.

 

A successfully run campaign could achieve most, or all, of its required funding through crowd support. A financial pledge from SKDC would then either not be required or would only be needed to make up the last minute shortfall prior to the campaign closing for pledges to ensure its success.

 

Projects that have received funding through the South Kesteven Community   Fund are permitted to run campaigns through CrowdfundSK but will not be eligible for a financial pledge from SKDC.

 

Campaigns can seek both revenue and capital costs of the project however:

 

·                Projects cannot be for personal gain

·                Projects or activities of a mainly political or religious nature will not be accepted

·                We will not support project proposals from lobbying groups

·                CrowdfundSK cannot be used to campaign for funding to support ongoing costs, general business expenditure, contingency funds, income deficits, bridging loans or security against a loan

·                We reserve the right to remove any project posted to CrowdfundSK where it is ascertained that it is illegal, outrages public decency, promotes hate and intolerance or damages the reputation of the Council or South Kesteven as a whole

 

Publication date: 15/11/2019

Date of decision: 14/11/2019

Effective from: 23/11/2019

Accompanying Documents: