Community Channel announced on 19 July 2016 that it successfully raised over £390,000 through the crowdfunding platform Crowdfunder, which is £90,000 more than its original target.
The Channel originally announced its plans to become the UK’s first community-owned TV, online and mobile brand on 1 June 2016. In doing so, it would offer the general public, film makers, charities, media partners and, crucially, its 10m viewers, the opportunity to own a stake in the channel by investing in community shares through the crowdfunding platform, Crowdfunder. This has now become a reality.
Less than two months after launching the campaign, Community Channel has smashed through the £300,000 target required to stay on the airwaves. So far, around 300 organisations and individuals have backed the campaign. This includes significant support from backers such as broadcaster Sky, the Big Lottery Fund and Barrow Cadbury Trust.