The Mayor of London recently announced his annual allocation of £1 million available to a range of grassroots community projects. Operating in conjunction with UK crowdfunding platform Spacehive, and co-ordinated through the Greater London Authority, community project leaders can apply for a maximum contribution of...

“Crowdfunding is the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet. Crowdfunding is a form of crowdsourcing and of alternative finance.” Source: Wikipedia.There are four main recognised types of...