In 2017, a crowdfunding campaign led by the council received massive support from:
- local residents
The crowdfunding raised just over £460,000 towards restoring the Terrace.
The original idea for crowdfunding was put forward by residents after unsuccessful council bids for funding from government and the National Lottery.
The crowdfunding aim was to raise enough money to restore 3 arches to show how the fully restored terrace could look. We hoped it would also attract further funding for the project.
Once we’d estimated the set up and restoration costs, it became clear that ‘economies of scale’ were needed to make any restoration efforts worthwhile for all involved.
This means it’s better value to restore more arches at once, instead of separate restorations of fewer arches.
A great success
The crowdfunding campaign attracted widespread support from local residents and businesses.
We also had backing from celebrities including:
- local superstar DJ FatBoy Slim
- Chris Evans
- Eddie Izzard
- Steve Coogan
- Charley Boorman
- Damon Hill
Local business support created generous and notable donations, some as high as £50,000, from a range of local businesses, charity and heritage organisations.
A raffle set up by members of the community, through the Save Madeira Terraces Raffle Group Facebook page, received more than 600 prize donations from local businesses.
The first raffle contributed just over £16,000 to the crowdfunding campaign.