Crowdfunding or mass funding is a way of raising funds to finance projects with the combined efforts of individuals. In contrast to the traditional approach, where fundraising is typically achieved through only one or two major sources of funding, crowdfunding is about collecting small contributions with the help of more individuals.
The City of Velenje is a partner in the eCentral project (CE887), co-financed by the Interreg Central Europe project, in which we pledged to raise part of the funds for the energy renovation of the Andragogical Institute Lifelong Learning University of Velenje through crowdfunding.
In the European Union, as much as 75% of buildings are energy inefficient and buildings use up to 40% of the energy used in the EU. Unfortunately, only between 0.4 and 1.2% of the inefficient building stock is renewed annually in the EU, which is not enough for the EU to meet its energy goals. The potential of crowdfunding is also becoming recognised in the field of financing energy projects as a tool that can help accelerate the energy transition of countries and local communities into an energy-saving society and cleaner future.
In the City of Velenje, as one of the leading municipalities in Slovenia, operating on sustainable principles and committed to continuous green improvements, we are trying to use all the potential we have to make the transition to a low-energy and low-emission community even faster. Crowdfunding can become a successful way of filling the gaps arising from the financing energy and environmental projects in the municipality, such as the reconstruction of the Lifelong Learning University.
Mass funding is a way of promoting an inclusive society, as it enables you to invest in infrastructure that benefits the community and projects that you believe in. With this, you become part of the changes that are happening in your environment. It gives us a useful insight into your interest and desire to be involved in the development of the Municipality of Velenje. Because we care!
The costs of comprehensive energy rehabilitation of the Lifelong Learning University will be financed from three sources:
- the resources of the European eCentral project
- municipal funds,
- contributions collected through crowdfunding.
The renovation of the Lifelong Learning University will be the first energy renewal project in Slovenia which will be implemented with the participation of citizens and will benefit from funds raised through Crowdfunding.
You can contribute here!