Ppt Presentation of the European Crowdfunding Network's White paper "The European Dimension of Civic Crowdfunding", held at Regione Emilia Romagna on December 14, 2017.

1. The European Dimension of Civic Crowdfunding
The potential of crowdfunding for boosting economic and social effectiveness of ESIF
Francesca Passeri
Head of Advocacy
francesca.passeri@eurocrowd.org
www.eurocrowd.org
#CF4ESIF 14 DECEMBER 2017
#CF4ESIF

2. • White Paper presentation: the
logic behind it and the potential
of civic crowdfunding
• The “Crowdfunding-Effect”
• The way forward: CF4ESIF
Working Group
AGENDA
#CF4ESIF 14 DECEMBER 2017

3. THE LOGIC BEHIND IT...
#CF4ESIF 14 DECEMBER 2017
White Paper Presentation
REGULATION (EU) No 1303/2013, Common Provisions
Regulation for ESI Funds, December 2013

4. Hints from current ESIF Regulations
#CF4ESIF 14 DECEMBER 2017
ERDF Regulation, Art. 5, Investment Priorities: ESF Regulation:

5. Current Situation
Public authorities can leverage
on their close connection to
citizens and SMEs
Most crowdfunding platforms are
active on a local level
The European cohesion policy
dedicates resources to local
issues, but still suffers from low
visibility for financed actions
Decreasing public budgets, but
increasing cross-regional issue:
Blending and new, inclusive
financing schemes are to be
encouraged
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6. ... THE POTENTIAL OF CIVIC CROWDFUNDING
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White Paper Presentation
The Municipality of Milan pledged 400K in a matchfunding mechanism
for social projects (Picture taken from Milano SmartCity website)

7. The Benefits of Civic Crowdfunding
Availability of additional
(private) resources, combined
with ESIF&own
Increased efficiency,
transparency and effectiveness
in the allocation of ESIFunds
Limited mismanagement and
higher responsiveness in
allocation procedure
Increased visibility for EU and
projects due to massive use of
internet (CF nature)
Crowdfunding platforms
consolidate their position as
reliable partner at local level
Increase in the number of
financed projects and their
success rate
Active role in decision-making and
allocation of funded initiatives
acquisition and deployment of a set
of skills (development of a
crowdfunding campaign, financial
literacy)
Improved and increased monitoring
tools for efficient and effective
management of resources
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8. Challenges
for public authorities
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Source: Citizenergy Position Paper, Alternative financing for renewable energies and energy efficiency: Highlighting the
importance of regional and local authorities’ catalysing role, Brussels, January 2017
Lack of knowledge about crowdfunding and
how to best use it (both public authorities
and citizens)
Need for in-house capacity building
Procedural barriers and bureaucratical
difficulties

9. THE “CROWDFUNDING-EFFECT”
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10. CF4ESIF WORKING GROUP
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The way forward
Call for participation open
to:
• Regional/Local/Managing
Authorities
• Crowdfunding Platforms
• European Associations
• European Institutions

11. Objectives of Working Group for 2018
• Creation of heterogeneous Stakeholders’ Group, committed to work on developing a FI or
match-funding mechanism through CF
Creation of Stakeholders’ Group
• Identification of risks and obstacles, collection of existing best practices, design of criteria
and guidelines for implementation
Design
• Identification of areas in which matchfunding through CF can be implemented in 2019
Planning
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14. Conclusions
Crowdfunding would promote a
more democratic, efficient and
transparent management
procedure, leveraging private
resources and combining them with
available ESI Funds
Blending with crowdfunding should
be included among the currently
available FIs within the scope of ESI
Funds
White paper is open for support to
all organisations
Working Group is VERY open to
participation of Regional and Local
auhtorities
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How to join?

15. THANK YOU FOR YOUR ATTENTION!
Francesca Passeri
Head of Advocacy
francesca.passeri@eurocrowd.org
www.eurocrowd.org
#CF4ESIF 14 DECEMBER 2017
#CF4ESIF