The Heritage Lottery Fund (HLF) has extended its pilot UK crowdfunding scheme until the end of February.
From total funding £125,000, the Crowdfunder website will pledge up to 25% of the target on behalf of the Heritage Lottery Fund to a maximum of £10,000 when the following conditions are met:
- projects take place in the UK
- applications are led by a not-for-profit organisation
- all eligibility criteria have been verified
- projects raising a minimum of £4,000
- projects use the ‘All-or-Nothing’ funding option only
- approval has been received from the appropriate Heritage Lottery Fund Head of Region or Country
- project reaches 25% funded
- funding has come from at least five unique backers.
Pledges will be applied on a first come, first served basis until all funds have been allocated. The match-funding pledge will be allocated prior to the project close date.
The HLF cites the examples of Penzance’s Montol 10th Anniversary Appeal when the Cornish Culture Association raised more than £4,000 from 128 backers to secure the future of the annual Festival. The HLF contribution was £1,000 of matched funding (25% of the fundraising target).
