What’s all the fuss about?
Crowdfunding can be a great way to get your business off the ground. It allows you to raise funds from a large number of people, usually through an online platform.
In 2020, crowdfunding platforms raised US$84 billion globally and this figure is expected to continue to rise, with the average successful crowdfunding campaign raising more than US$28,500.
Crowdfunding in the UK has grown too, with equity based crowdfunding raising nearly £550 million in 2020 – more than double the amount raised in 2015.
There are a few different types of crowdfunding, but the most popular is rewards-based crowdfunding. With this type of crowdfunding, people who pledge money to your campaign receive a reward, such as a product or service, in return.
There are a few things you should keep in mind if you’re thinking of crowdfunding your business.
“Crowdfunding is all about people investing in your idea, so make sure it’s something that will resonate with them.”
What can you do next?
Crowdfunding can be a great way to get your business off the ground, but it can also be tricky to navigate. If you need help getting started, our team of experts is here to help.
We’ll walk you through the process and answer all of your questions so that you can raise the money you need to take your business to the next level.
Business Support Tool
Need further help on crowdfunding or any other area of support? Speak to our experts!
We offer specialist support through our 1:1 Power Hours series, including with our crowdfunding expert. Bookable slots are added regularly – take a look and see what’s coming up.