What evidence is required for funds raised prior to starting a campaign?

If you have raised funds for the project outside of Spacehive then you will need to provide evidence of them in order for the project to be verified

If you have raised funds for this project already, you are able to show this on your Spacehive page. For example, your project costs £100,000 total, and you have already received a grant of £50,000, and are trying to crowdfund the remaining £50,000. You can set up your Spacehive page so that the project is shown to cost £100,000, and you already have your first backer. Your campaign will therefore start on £50,000, with the remaining £50,000 to raise.

In order for this to happen we require evidence that these funds are in place and that they are for this project specifically. This evidence will then be checked during the verification process. The more evidence you provide, the quicker and more likely it is that your project will be verified. Examples of evidence that you should have ready include:

  • Letter/email of grant agreement
  • Bank statement
  • Scan of cheque

This evidence will only be shared with Spacehive; it will not be shared publicly 

Please note that you can only upload these funds prior to starting your campaign. Once your campaign is live, all donations will need to be pledged via the Spacehive platform using the payment provider(s) you have set up.