We’re delighted to announce that following a year of negotiations with palace officials, the Royal Family are to establish a co-funding scheme on Spacehive, in a bid to collaborate directly with local communities through civic crowdfunding.

The aim is to provide an extra catalyst to innovative project ideas that improve the fabric of communities, foster civic pride, and bring neighbours, businesses and institutions together across the UK.

Details of the initiative are still at an early stage but the aim is to launch a pilot to coincide with the Queen’s 90th birthday later this month. The Palace are keen to hear from existing stakeholders on how they can play a constructive and impactful role as part of the emerging civic crowdfunding community, so please get in touch to share your ideas.

The Royal scheme follows in the footsteps of the Mayor of London, over 25 councils across the UK and a growing clutch of brands including Barclays and GLL that are already collaborating to back local improvement projects on Spacehive.

This will be a world-first for the monarchy and will serve to raise awareness of the huge potential of combining the community, businesses, institutions, and government to transform community spaces.

What are the first projects you think the Royal Family will support? Share your ideas with #Crownfunding on Twitter.

Happy April Fools!