Crowdfunding

Doctors' crowdfunded hospital brings hope in Syria
After a children's hospital in Aleppo was bombed, donations from around the world funded a new one.

Watchdog tightens peer-to-peer rules

P2P book
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The Financial Conduct Authority has confirmed new peer-to-peer rules designed to prevent harm to investors.

Crucially the City Watchdog will limit new investors to only putting 10% of their assets into P2P or crowdfunding.

Christopher Woolard, executive director of strategy and competition at the FCA said: "'These changes are about enhancing protection for investors while allowing them to take up innovative investment opportunities. For P2P to continue to evolve sustainably, it is vital that investors receive the right level of protection."

Read the new rules here

Gateshead football fans start fundraising for new club

A football fans' group is crowdfunding to start a new club amid continuing problems at Gateshead FC.

Gateshead Soul Supporters Association says it could be up and running in just three months, in time for the start of the next season.

The current situation at the club was "nothing short of abysmal", a spokesperson said.

The club were kicked out of their ground on 29 March over money owed to Gateshead Council for rent, although they have been told they can play their remaining home games this season at the International Stadium.

A Gateshead Soul spokesperson said its "only option as a group of fans that will ensure football survives in Gateshead under the Gateshead name is to form a new club together".

"Establishing a new club will be a tough project, however with the full backing of the community we will make this work," they said.

Gateshead Stadium
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