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EUROCROWD Report Explains Combining Crowdfunding European Structural and Funding Funds
EUROCROWD, the main European advocate for on-line capital formation, has printed a report entitled Scaling Up Partnerships: A Blueprint For the Implementation Of Match-Funding Schemes Between Public Authorities and Crowdfunding Platforms. The report explains tips on how to handle the usage of European Structural and Funding Funds together with crowdfunded choices.
EUROCROWD states that during the last three years, match-funding practices in Europe have elevated considerably, proving that public authorities can create measurable affect when co-investing public assets alongside people.
In keeping with the report:
“Crowdfunding has change into more and more attention-grabbing for public authorities as an additional choice to be included within the current combine of economic devices. Particularly with regard to the framework of cohesion coverage. Transparency, [the] democratization of finance, simpler entry to funds, in addition to accountability and management over funded actions are solely a few of the advantages that this comparatively younger instrument can supply. Connecting regional and native authorities with crowdfunding may assist deal with a few of the most necessary limitations that the business is presently going through on the European stage, such because the uncertainty in regards to the authorized framework beneath which crowdfunding is regulated in numerous Member States, the shortage of belief in direction of internet-based transactions, the shortage of economic literacy and data in regards to the functioning mechanisms of crowdfunding, and the chance of short-term focus of crowdfunding initiatives.”
The report offers examples from eight European nations together with 22 greatest practices that seeks to supply perception into how such partnerships can work, particularly when together with the usage of public – resembling European Structural and Funding Funds (ESIF) – assets. The aim is to focus on and supply a blueprint for crowdfunding partnerships.
In 2018, EUROCROWD first analyzed the usage of European Structural and Funding Funds together with crowdfunding. This new research strives to show that match-funding schemes can’t solely work, however can be scaled up and used as a road-map for replication by different public authorities.
The report states that:
“… experiences between crowdfunding platforms and public authorities have confirmed to achieve success and have been prolonged in these areas the place they’d already been applied and replicated by totally different organizations in different Member States and areas.”
The report advocates making a “match-funding initiative” the place public authorities and platforms collaborate on securities choices.