Issue - decisions

S&ELCP Crowd Funding Scheme

19/12/2022 - S&ELCP Crowd Funding Scheme


  1. 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.
  2. 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.
  3. 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.
  4. A set up payment of £11,333 funded from the Investment and Growth Reserve be approved.
  5. A Crowdfund ‘pot’ of £30,000 funded from the Investment and Growth Reserve be approved
  6. A review of the benefits of the scheme be undertaken annually
  7. Update report submitted to Cabinet for review after each round of funding.