How does crowdfunding work?

Name: How does crowdfunding work?
Uploaded: 2014-07-02T19:55:28.000Z
Duration: 2 min 28 s
Description: Emma Simpson takes a closer look at crowdfunding and how it is helping many businesses and projects to find much needed investment.

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New figures from the Bank of England show it can still be a struggle for small businesses to get money from the banks.

This is why many are turning to what is called - crowdfunding - asking people to invest money in businesses or projects.

More than nine million investments and donations were made last year in this way.

Emma Simpson reports.

2 July 2014