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Crowdfunder reduces fees for community share offers

News item

Published
26th January 2024
Topic
Co-operatives UK
Image
Hulme Community Garden Centre
Hulme Community Garden Centre launched a successful share offer in 2019, raising £204,850 with support from the The Community Shares Booster Programme.

Crowdfunder is reducing fees for all community share offers through a new partnership with Co-operatives UK.

Crowdfunder’s platform fee for community share offers has been reduced to 3% + VAT on the first £300,000 raised and 2% + VAT on any amount raised over £300,000.

They are also offering a special 0.5% platform fee discount for the initial £300,000 raised for share offers that hold the Community Shares Standard Mark

The Standard Mark is awarded to share offers that meet national standards of good practice. It ensures that they are clear, honest and transparent, and that investors are presented with all the facts they need to make an informed decision. 

What is the Community Shares Standard Mark?

Max Upton, Head of Campaigns & Special Projects at Crowdfunder, said:

“Community ownership is at the forefront of our strategy in 2024, and we believe this fee reduction and teaming up with Co-operatives UK will significantly support communities in gaining control of the assets that matter most to them. 

"Over the last 8 years, Crowdfunder has successfully raised over £20 million for community share offers, transforming pubs, sports clubs, music venues, community energy initiatives, and more, across the UK. By working together, we aim to help raise even more over the coming years.”

Quote mark
We are delighted that Crowdfunder has recognised the huge value of the Community Shares Standard Mark by offering this discount. The mark is instrumental in the process of improving share offers, reassuring investors, and attracting other funding.
– John Dawson, Head of Market Development & Investment, Co-operatives UK

John Dawson, Head of Market Development & Investment at Co-operatives UK, said:

"Co-operatives UK has been at the forefront of the community shares revolution for over a decade, helping communities raise over £200 million in investment. 

"We know co-operatives and community benefit societies using community shares are incredibly resilient – with a 92% survival rate. We hope that rate will inch even higher as even more community share offers achieve the mark.”

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