New crowdfunding platform launching in Jersey

Friday 19 March 2021

A Jersey business crowdfunding platform will be launching this summer to help businesses generate up to £50,000 to start up or grow.

Springboard aims to give local businesses the opportunity to offer rewards-based crowdfunding, which sees donors receive benefits ranging from discounts on future purposes or a bespoke offer in exchange for a fixed sum.

These sites already exist in the UK, but Jersey businesses are only legally allowed to use them if they are registered there.

Digital Jersey developed the platform alongside Jersey Business.

“We know there are businesses looking to expand. We also know in a year like no other that there are businesses looking to reimagine what they currently do in a post-pandemic world,” Digital Jersey CEO Tony Moretta said.

“Springboard is about creating a platform where local companies can share their ambitions and attract supporters who believe in what they want to do. At the same time, the combined services of Digital Jersey and Jersey Business will be available as a wrap-around package of support. And the best news is that Springboard is completely free to use.”

Pictured: Digital Jersey CEO Tony Moretta.

The platform will also offer individuals looking for levels of investment over £50,000 to post on a virtual 'bulletin board'.

“When it comes to those larger opportunities, access for investors can feel something of a closed shop. We want to open that up, and make it available to a broader range of interested parties. Experienced investors may have that £50,000, but most people don’t. The bulletin board means those with smaller sums to invest can also declare their interest," Mr Moretta added.