S&ELCP Crowd Funding Scheme
That:
- Working with Boston
Borough Council and East Lindsey District Council as our partners
in the South and East Lincolnshire Council Partnership
(S&ELCP), a Crowdfunding scheme be established.
- Approval be
given to enter into collaborative contract arrangements with Boston
Borough Council (the lead contracting party) and East Lindsey
District Council to appoint ‘Spacehive’, as the
external civic crowdfunding company, to provide external management
of the scheme on behalf of the Councils.
- Delegated
authority be given to the Deputy Chief Executive –
Communities and the Assistant Director for Wellbeing and Community
Leadership, in consultation with the relevant Portfolio Holders
across the Partnership, to agree final arrangements for the
Crowdfund Scheme, including process, criteria and the awarding of
grants.
- A set up
payment of £11,333 funded from the Investment and Growth Reserve be
approved.
- A Crowdfund
‘pot’ of £30,000 funded from the
Investment and Growth
Reserve be approved
- A review of
the benefits of the scheme be undertaken annually
- Update report
submitted to Cabinet for review after each round of
funding.