Published: 22nd May 2014

Crowdfunding isn’t the only way to get projects off the ground. There are other ways to encourage investment. With government grants disappearing and banks more reluctant to fund small businesses, local communities are seeking new ways to find investment. Projects and businesses are being funded through local investment and crowdfunding, showing that money can be recycled within a local area. Here are five of the most interesting ways to boost local investment: 1. Create local investor networks. The first Local Investment Opportunity Network (Lion) was set up in Port Townsend in Washington. A Lion network is a group of local citizens who come together to help fund and support local businesses. They are now spreading across the US. Slow Money chapters are also emerging across the world, aimed at finding alternatives to fast, big finance. In many places local investment clubs are springing up to keep money in the local … (To read the full article, subscribe below)