Crowdfunding is a way to raise money, awareness, and support for great ideas, mainly using the internet and social media.
Crowdfunding allows individuals to turn their ideas into reality by promoting projects and giving away rewards in return for pledges of money.
Types of crowdfunding
There are five main types of crowdfunding:
Equity
"Dragons' Den" type funding, so a backer would receive a chunk of the business.
Lending
Done in the same way as a bank but with lots of people, so peer to peer lending.
Rewards-based
Where the rewards are not financial but a range of offers depending on the project.
Community share
A mix of rewards-based and equity. It's an effective way for groups to raise money that benefits a particular community.
Donation-based
A way to raise funds for a business, project, or charity. It works by asking lots of people to donate small amounts of money for no specific tangible return.
Find out more
There are a number of online crowdfunding platforms, such as Crowdfunder.
Crowdfunder has a useful Knowledge Hub with advice on how to make your project a success.
Get in touch
If you would like to discuss a crowdfunding campaign with us, email externalfunding@angus.gov.uk.