The London Mayor's High Street fund was created back in 2011 to help High Streets become more vibrant, engaging places for the communities around them and tourism. The fund is making up to £9m available until March 2016 to support projects that help deliver the Mayor’s ambition and is available to any organisation wishing to make a difference to their high street. These can include community organisations, business improvement districts, traders associations or town teams.
Funding is being directed to places that have potential for growth and where there is the commitment and capacity for real long-term change. Successful projects will create vibrant, attractive places that underpin good growth and they will address the interrelated challenges of accommodating new homes on London’s high streets, while nurturing businesses and enhancing civic life.
This year, the Mayor announced recipients of up to £9 million through his High Street Fund. It is the first time the Mayor of a major European city has used a civic crowdfunding website to directly pledge money for community projects. 83 groups submitted ideas and the Mayor will be pledging up to £20,000 each to 17 of these projects.
The grants awarded through the Mayor’s High Street Fund are investing in 42 high streets across London, including 25 larger borough-led projects and 17 community-led projects. The investment has levered around £20 million of match funding from local authorities and private sector partners.
The Mayor is using crowdfunding website Spacehive to invite local community groups such as Town Teams or Business Improvement Districts, Neighbourhood Forums, charities, social enterprises, schools and London Boroughs representing diverse communities, to suggest great projects to improve their local high street.
Crowdfunding allows anyone to pledge money to your project. If enough people support your idea, you can quickly raise the money you need to make it happen.
To help you hit your target, the Mayor will pledge up to £20,000 to the best, eligible projects with the next round of pledges happening in the summer. To be considered, just add your project to our Spacehive page before Monday 29th June, and start drumming up local support.
For more detail click HERE