top cx logo
cx logo
Explorearrow down
search icon

Residents use crowd-funding to help towns

Two Brittany communes have called on residents to help fund works by joining crowd-funding campaigns which give a double benefit: a project that boosts the town and a financial bonus for the residents who invest.

Saint-Brieuc was first in the world to use crowd-funding when it started a project on the Collecticity ( website to fund solar panels on its job centre roof.
The €8,400 needed was raised in 20 days from 22 investors who will be repaid over five years at an interest rate of 2.25% – better than the banks are offering savers.
It was followed by Langouët, also in Brittany, which was planning a study on “user-friendly habitats for the benefit of the environment and the inhabitants”. It had most of the finance in place but was €40,000 short – and found it within days through the site. Lenders will receive 2% interest over six years – and two-thirds of the 37 investors were residents in the commune.
In Haute-Garonne, Empeaux sought donors not investors to fund €3,000 for repairs on the church roof and they can write off 66% against tax.

Resident or second-home owner in France?
Benefit from our daily digest of headlines and how-to's to help you make the most of life in France
By joining the newsletter, you agree to our Terms & Conditions and Privacy Policy
See more popular articles
The Connexion Help Guides
featured helpguide
Income Tax in France 2023 (for 2022 income)*
Featured Help Guide
- Primarily aimed at Britons, covers pensions, rent, ISAs, shares, savings and interest - but also contains significant general information pertinent to readers of other nationalities - Overview of online declarations + step-by-step guide to the French printed forms - Includes updates given automatically after this year's site opened
Get news, views and information from France