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A study by Nesta and the NCVO says the sector should put money into skills and capacity-building to help generate revenue from this source

More investment is needed in skills and capacity-building to increase the number of charities that use crowdfunding to generate revenue, according to a new report from the innovation charity Nesta and the National Council for Voluntary Organisations.

The report, Crowdfunding Good Causes: Opportunities and challenges for charities, community groups and social entrepreneurs, says crowdfunding can help projects that would otherwise struggle to get funding, as well as increasing the amount of volunteering, improving transparency and helping to find new ways to increase awareness of social issues.

Image: http://www.thirdsector.co.uk