(a)          Decision(s)

That Spacehive Ltd be appointed to provide and operate a local crowdfunding platform on behalf of Aylesbury Vale District Council for an initial period of up to three years.

(b)          Reason(s) for Decision(s)

AVDC continues to explore opportunities that can achieve savings and efficiencies, ultimately ensuring public services achieve good outcomes for local communities. Following the success of the Vale Lottery scheme the development of a crowdfunding platform will create a mechanism which sits alongside the lottery and allow groups to raise funds for community projects which are distinct and largely capital-based. It will help the community to help themselves through support from the local authority.

A crowdfunding offer helps to develop a citizen-led culture which strengthens the role of individuals and community groups in creating, funding and developing civic projects which improve Aylesbury Vale. Essentially this is an opportunity to help make more use of AVDC resources by attracting and leveraging external funding.

 (c)       Alternative Options Considered

A number of options were considered ((i) Do nothing, (ii) Develop a crowdfunding platform directly, (iii) Develop a crowdfunding platform with Spacehive Ltd and (iv) Develop a crowdfunding platform with an alternative supplier), and these options are explained more fully in the Cabinet report.

(d)       Relevant Scrutiny Committee

Finance and Services.

(e)        Conflicts of Interest / Dispensation(s)

None.