After Spacehive's first three months, one first success story can be reported. The small ex-miner town Glyncoch in South Wales spent nearly seven years to raise the 800,000 pounds for a new community center, and they were still in short up to 35,000 pounds with only ten weeks left for the deadline. It was a close call for the Glyncoch initiative. Only two months ago they turned to Spacehive. Just in a nip of time — a nerve-racking 22 days — they raised the last sum that was needed to realize the project.
Asked about the benefits for third-party funding, founder of Spacehive Chris Gourlay states in an interview:
“Public space is a huge arena that has a huge bearing on our quality of life, and economic well-being if you are a local trader on a high street.The difference between a high street, that is a rubbish place, where people don’t want to visit and somewhere that is a nice place to be—where people want to spend money— can have a huge impact on your business. And so, this is a service that allows people to invest in urban playgrounds and high streets.”
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