The House Crowd, the world’s first crowdfunded property investment vehicle, has caught the attention of judges at this year’s National Business Awards – securing its place on the New Business of the Year category shortlist.

The Hale-based innovator spotted an opportunity to democratise the property market through crowdfunding – revolutionising how would-be investors, particularly those with smaller budgets, invest.

Judges were impressed with the business’ disruptive and pioneering spirit, opening up a much-loved but notoriously difficult-to-enter market.

The House Crowd’s strong customer service and general impact on the north west property market was also noted.

Frazer Fearnhead, director at The House Crowd, said: “As a start-up with big ambitions, it’s fantastic to be recognised on a national level.

“The House Crowd is part of a whole internet revolution that is giving power back to the people and creating a global community that can interact with each other, cut out big institutions and join forces for the common good.

“On a regional level, we are helping some of Greater Manchester’s ‘forgotten’ communities to re-establish themselves. Breathing new life into old properties can have a dramatic effect on local communities as a whole, bringing in new people and ideas, and helping to create a new sense of pride in an area.

“On a global level, we are trailblazers – creating a unique, innovative and ground-breaking concept, now emulated the world over.

“The House Crowd has succeeded in injecting people power in to the once ‘elitist’ UK property market. A recent survey of our investors showed that 67 per cent felt cut off from property until a service like ours came along – we have brought property to the masses.”

The winner will be revealed at the National Business Awards gala dinner held on 11 November in London.