Helping to create jobs and drive inward investment and income into Cornwall, the site also hosts events and is home to a café, bar, spa and a pop up food shack for local enterprises.
The majority of the loan from Triodos Bank will be used to refinance CSpace’s existing development loan provided by the Government's Local Growth Fund through Cornwall and Isles of Scilly Local Enterprise Partnership. This is in preparation for the organisation’s next phase of development in which hotel rooms can be offered on the second floor and for improvements to the building’s environmental and sustainable footprint.
Crowdfunder, the UK’s largest rewards based Crowdfunding platform, remains the central tenant at the CSpace property, which is its permanent HQ. Established in 2014, Crowdfunder has supported over 80,000 individuals, charities, businesses and community projects to date.
CSpace was formed as a result of the owners’ and management team’s vision for success in Cornwall.
Rob Love, CSpace Founder and Crowdfunder CEO, said: “In Cornwall businesses have to work harder together to compete. They have to collaborate and then, together, they can be more creative and competitive. This loan will help us to do more to support the business community here and to help organisations that can benefit from a space like ours.”
John Sharpe, relationship manager at Triodos Bank, added: “Central to Triodos’s mission is that we only lend to organisations making a positive change. CSpace is a very good mission fit with Triodos, the project is creating significant impact in the local community in Newquay and across Cornwall.”
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About Triodos Bank
Founded in 1980, Triodos Bank has become a frontrunner in sustainable banking globally. As an independent bank that promotes responsible and transparent banking, it does not see any conflict between a focus on people and the planet and a good financial return. Instead it believes that they reinforce each other in the long-term.
Triodos Bank has banking activities in the Netherlands, Belgium, the UK, Spain and Germany as well as Investment Management activities based in the Netherlands but active globally. Triodos Bank co-founded the Global Alliance for Banking on Values (GABV), a network of 67 sustainable banks. Together these banks want to grow sustainable banking and its impact on the real economy substantially.
CSpace is a unique and vibrant co-working and events space overlooking the beach in the heart of Newquay. With amazing spaces, nourishing food and world class waves on its doorstep, CSpace’s reputation as Cornwall’s coolest and most ‘connected’ workspace is fast growing.
Crowdfunder is a leading crowdfunding and fundraising website. Crowdfunder connects individuals and organisations to supporters who care and empowers them to turn their ideas into reality.
Crowdfunder can provide specialist fundraising advice and support from expert coaches and enables Crowdfunders to access match-funding opportunities. Well over £250 million has been raised by our Crowdfunders, plus tens of millions more unlocked by our partners to support campaigns for start-ups, charities, social enterprises, communities, businesses, political movements, and individuals.
For more information visit: Crowdfunder.co.uk and follow Crowdfunder on: