Wealth Shared has been getting some coverage this week, e.g. here. I'm really happy people are hearing about what happened and grateful to everyone who's helped get the story out there.

There is something I wish to clarify about the process.

The project took place in the L8 postcode of Liverpool because it's where I live, and this made it easiest to organise. But the capacity in which the group was assembled was simply as citizens.

They were given the option to transfer the money to any individual or organisation in the UK or abroad. It was the group's decision to focus on supporting people facing financial hardship, and to use the money locally.

L8 is by several measures an area with significant deprivation. This was something the group chose to focus on. Their decision was informed by data they requested which located the economic status of their neighbourhood in a national context.

It's significant that the group felt able to entrust the funds to their chosen organisations - The Florrie community centre; The Dingle, Granby and Toxteth Collaborative, a network of schools; the Team Oasis children’s charity; and the Granby and Toxteth Development Trust - in large part based on their local reputation and track record in the community.

The group also carried out a certain amount of due diligence of the organisations under consideration, such as finding out about their governance arrangements and researching key people within them.

It's interesting to reflect on how the character of L8 might have affected how the process unfolded. But this concept could be replicated anywhere, with participants from any background(s).