Crowdfunding Platform - Crowdfund Lambeth (2024/25)

December 9, 2024 Director of Strategy and Communications (Officer) Approved View on council website

This summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.

Summary

...to renew the Crowdfund Lambeth platform for another year with a total budget of £46,000, bringing the maximum contract value to £144,759 over six years.

Full council record

Decision

1)   
To approve the platform renewal for another 12
months with Crowdfunder UK, starting 1 September 2024 to 1
September 2025.

2)   
To approve the budget for the platform costs of
£16,000 from September 2024 to September 2025.

3)   
To approve the budget for the quarterly wallet, top
up of £7,500 per quarter (£30k for the year) from
September 2024. This is independent to the contract
cost.

4)   
To note and approve a total of £46,000 for the
platform cost (£16k) and quarterly top up cost (£30k)
This will take the maximum contract value to £144,759 over
the six-year term.

Supporting Documents

Appendix A - Crowdfund Lambeth Overall Summary 2024.pdf
ODDR Crowdfunding Platform - Crowdfund Lambeth 202425.pdf

Details

OutcomeRecommendations Approved
Decision date9 Dec 2024