Published: 7th Nov 2019

Portsmouth City Council will launch a crowdfunding platform for local businesses and social enterprises to raise money to help their business to grow and to pitch for a share of a £40,000 pot of match-funding from the council. The platform will enable Portsmouth businesses to pitch for funding for their business ideas around capital project costs, which could include purchasing equipment. Through the crowdfunding site businesses can pitch for money from the crowd – sometimes offering incentives based on the amount given, as well as being put in touch with other national and local grants that are available. Portsmouth City Council will also offer match funding of up to £5,000 per project to those which meet set criteria. These funds will be available to support a range of business areas that support the new Portsmouth’s Economic Development and Regeneration Strategy targets including; creating new jobs, residents gaining new skills, and … (To read the full article, subscribe below)