In the News

Crowdfunding in Action | A Heart-Melting Injection of Cash for a Corner Shop

Jim Riley

4th August 2022

A cracking example here of crowdfunding as a source of finance for a struggling small business.

The BBC reports how the owners of a small retail business were left contemplating closing the business - until crowdfunding stepped in with some emergency finance.

A failed air conditioning unit caused the damage to inventories of chocolate bars and other melting confectionery.

Without feeling able to make a claim on their business insurance policy, the shop owners were contemplating shutting for good - until locals rallied round.

Fingers crossed it will lead to stronger sales every day.

Sources of Finance | Crowdfunding

Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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