Fix Radio, the leading radio station for builders and tradespeople, opens £1M million crowdfunding raise ahead of going national
Fix Radio – the UK’s only dedicated radio station for builders and the trades – today announces the launch of its £1M crowdfunding initiative, helping to secure funds to support their national expansion. The raise marks a momentous point of growth for the company, that now reaches close to 5% of tradespeople in the UK. The Seed stage investment round is set to support a directed strategy for national expansion across 2022, and will open exclusive for tradespeople on the 12th April, then opening to the wider public a week later.
After working on building sites six years ago, founder, Louis Timpany saw first-hand how builders relied on the radio during busy periods to keep energy and morale up, but became dismayed by the monotonous library of music on mainstream media outlets, along with spoken content often featuring unrelatable stories. As a result, since its inception in 2017, Fix Radio has centralised its business model around 2.2 million construction workers in the UK, providing a mixture of authentic trade voices, up-beat music and content pertinent to the issues that affect the day-to-day life of builders on-site, ranging from the state of mental health in construction to the widespread impacts of tool theft.
Currently broadcasting on DAB, online and app-based listening platforms, the station features regular podcasts and interviews by some of the biggest talent in the industry, including Facebook superstars the Bald Builders, Clive Holland of the BBC and formerly Cowboy Trap and the country’s most famous plasterer Chris Frediani of DIY SOS. Already reaching an audience of 85,000 tradespeople per week across London and Manchester, Fix Radio is looking to become the go-to radio station for UK builders.
Builders, tradespeople and Fix Radio listeners can now pre-registrate to be the first in investing history, taking part in the closed-community raise, and have access to the private launch when the station goes national. The round will officially open for tradespeople before publicly opening a week later, and those that invest will own a share of the company and join an online community with one-off exclusive rewards and events, making this the first time a closed community investment has been instigated for a national radio station in the UK. The investment raised during the round will be used to support marketing initiatives to power the station’s national expansion and create brand new content for tradespeople to listen to on a daily basis. A range of financial incentives have been provided for participation including:
£100 – Join an exclusive online community of other investors/listeners
£250 – Invited to annual AGM (concert) run by Fix Radio presenters
£500 – Fix Radio merchandise pack with framed share certificate
£5000 – Trophy site radio (engraved site radio with your name/investment amount/date)
Louis Timpany, founder of Fix Radio, commented on the launch of the investment round:
“We’re allowing tradespeople across the country to buy into Fix Radio. For the first time, we are opening our doors to outside investment whether that is £50, £100 or £5,000, it all matters, and it will all help to build our funding total to take Fix Radio nationwide.
“We have seen unprecedented interest in the early stages of the sign-up stage, with hundreds of tradespeople having pre-registered their interest in our crowdfund. Through our expansion, we will continue to educate the industry on unmissable news stories as we grow to be the authentic voice of builders in the UK.”