In this video, Will Dallimore talkes about the Royal Academy of Arts’ use of the crowdfunding platform Kickstarter to bring Chinese artist Ai Weiwei’s Tree sculptures to London in autumn 2015. The campaign raised more than £120,000 in less than six weeks to become Europe’s most successful arts crowdfunding initiative.
European Commission had asked the EU VAT Committee, composed by representatives from EU member states and the Commission itself, to discuss the VAT treatment of crowdfunding activities. See below what was decided.
As crowdfunding is increasingly adopted by large arts organisations as a fast-track alternative to dwindling public funding, Henrietta Norton – co-founder of the early crowdfunding site WeDidThis – argues that the spirit of risk taking and innovation that inspired early adopters needs to be embraced by these high-profile newcomers.
Crowdfund UK has teamed up with Nesta, Heritage Lottery Fund and Arts Council England to distribute 250,000 towards arts and heritage campaigns in the UK as part of a new crowdfunding program.
The pilot will provide two streams of £125,000 in matchfunding to arts and heritage projects that have received backing from the crowd.
The Best Practice is a market-driven instrument, which was developed at the initiative of the crowdfunding platforms and seeks to create a self-regulatory environment flexible enough to take into account all types of crowdfunding business models. It provides guidance to the platforms on how to increase the transparency and clarity level of their activities.
A threatened theatre company in Newcastle has been saved thanks to a crowdfunding campaign which has raised more than double its original target.
Alphabetti Theatre, which produces its own work as well as staging other artists at its 50-seat venue in the city centre, was facing closure due to financial difficulties.
Date: 20 May 2016
Crowdfunding4Culture, the EU funded study whose aim is the identification and analysis of best practices in Europe's crowdfunding market in relation to cultural organisations and creative professionals, has launched four surveys in order to gain in depth insights on motivation and barriers of using crowdfunding for the cultural and creative sectors in Europe.
Date: 26 July 2016
As well as deepening our understanding of the geography of the UK’s creativity, our aim in this research has been to produce a practical resource that policymakers, development agencies, Local Enterprise Partnerships and universities can use to inform their strategies.