// crowd sourcing for community-led development and regeneration//
Spacehive: A Crowd-Funding Platform For Urban Initiatives
More urban crowd-funding initiativespop up. Only last December Spacehive was launched in the UK, a crowd-funding platform focused on ‘neighborhood improvement projects’. Spacehive says to provide “a quick and democratic way” to fund a project.
After its first three months, one first success story can be reported. The small ex-miner town Glyncoch in South Wales spent nearly seven years to raise the 800,000 pounds for a new community center, and they were still in short up to 35,000 pounds with only ten weeks left for the deadline. It was a close call for the Glyncoch initiative. Only two months ago they turned to Spacehive. Just in a nip of time — a nerve-racking 22 days — they raised the last sum that was needed to realize the project.
But by ‘neighborhood improvement projects’ Spacehive not solely aims at the large boulevards, theaters and community centers, but also at the smaller initiatives. Think about a park bench, a goal post and so on. Spacehive wants to be more socially constructive with a platform where people can connect, share and donate. Posting a concept can help you connect to others who can support. It’s free to upload projects and to donate — administration fees only have to be paid when a project is successfully funded.





