New Report Guides Public Authorities On Implementing Match-funding with Crowdfunding
24 June 2021 – Brussels, Belgium – EUROCROWD publishes today the second report on how to manage the use of European Structural and Investment Funds in combination with crowdfunding: Scaling Up Partnerships: A Blueprint For the Implementation Of Match-Funding Schemes Between Public Authorities and Crowdfunding Platforms. The findings showcase that over the last three years, match-funding practices in Europe have increased significantly, proving that public authorities can create measurable impact when co-investing public resources alongside citizens.
It is these match-funding schemes that are at the forefront of the report, which presents specific and concrete examples from 8 European countries and 22 best practices. These examples provide an in-depth insight into how such partnerships can work, especially when including the use of public – such as European Structural and Investment Funds (ESIF) – resources. The report also provides a handy blueprint specifically developed for an easy adaptation and development of crowdfunding partnerships.
In 2018, EUROCROWD first analysed the use of European Structural and Investment Funds in combination with crowdfunding. While we then found six cases in which match-funding was used, proving that the combination of public funds and crowdfunding is possible and appreciated by public authorities, this new study demonstrates that such match-funding schemes can not only work, but can also be scaled up and used as a blueprint for replication by other public authorities.
Whether you are a public authority, crowdfunding platform or a policymaker, the report will give you insights into:
- key mechanisms and reference frameworks for partnerships between crowdfunding platforms and public authorities,
- diverse, detailed and easy to replicate best practices,
- a Match-funding Blueprint, specifically developed for an easy adaptation and development of crowdfunding partnerships.
Download Scaling Up Partnerships: A Blueprint For the Implementation Of Match-Funding Schemes Between Public Authorities and Crowdfunding Platforms report. For further information on the report and technical assistance, please contact us.
EUROCROWD would like to thank its members of its multi-stakeholder working group “Crowdfunding for European Structural and Investment Funds” (CF4ESIF), which has the aim of exploring the potential of crowdfunding as a blending and match-funding mechanism within the context of the European Cohesion Policy.
About the CF4ESIF
The CF4ESIF (Crowdfunding for European Structural and Investment Funds) is a multi-stakeholder working group established with the aim of exploring the potential of crowdfunding as a blending and match-funding mechanism within the context of the European Cohesion Policy. The working group facilitates the dialogue between crowdfunding platforms, regional authorities and European institutions, with the aim of encouraging a joint effort towards the design and implementation of innovative funding schemes. The outputs of the working group so far have been the collection of existing best practices of civic crowdfunding in Europe (2018), the publication of guidelines on how to implement similar mechanisms in other European regions through ESF resources (2020), and the publication of the current report on how to implement match-funding schemes with public funds (2021). Find our more here https://eurocrowd.org/network/working-groups/
EUROCROWD, registered as the European Crowdfunding Network AISBL (ECN) in 2013 in Belgium, is an independent, professional business network promoting adequate transparency, regulation and governance in digital finance while offering a combined voice in policy discussion and public opinion building. We aim to increase the understanding of the key roles that digital finance can play in supporting entrepreneurship of all types and its role in funding the creation and protection of jobs, the enrichment of European society, culture and economy, and the protection of our environment.