Community fundraising research begins

Project will investigate ways of raising money to fund projects that benefit local infrastructures

A new project will examine how money can be raised from local people to fund community development projects.

The programme will investigate the effectiveness of community share and bond issues, whereby residents in an area pay money to own shares in a project that benefits their local infrastructure, such as building a new community centre.

It will also look into whether government money can be used to stimulate more funding from local communities.

The scheme will be managed by the Development Trusts Association, Co-operatives UK and the Social Return on Investment Network.

Hugh Rolo, head of assets and investment at the DTA, said: "An increasing number of communities are finding that local people like the direct proposition of investing in something they can see, touch and benefit from."

The programme, Community Shares: Promoting Enterprise, Equity And Engagement Through Community Shares And Bonds, will be launched at the Voice09 social enterprise conference in Birmingham later this month.

It will be followed by awareness-raising events across England in April and a series of ‘surgeries' for local groups.

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