Spacehive describes itself as a platform that "make it as easy to fund a new park or playground for your area as buying a book online. For people with inspiring project ideas, Spacehive allows you to pitch for support and funding from your community. For everyone else it's a refreshingly easy way to transform where you live: just find a project you like and pledge funding".
It was initiated by a non-governmental organisation/charity and for-profit enterprises and encourages people to participate through an online platform. Spacehive is local in orientation and concerned with neighbourhood & community.
It was launched in March 2012 and is ongoing.