Since our launch a decade in the past, serving to buyers see what their cash is definitely funding has been central to our mission. Our direct investments have helped fund numerous inexperienced vitality improvements throughout the nation, from tidal energy by to sustainable forestry, and we have now all the time been dedicated to creating certain buyers are up to date on what their cash is delivering.
Once we launched our council investments in 2020, we needed to remain true to that very same clear ethos. That’s why we verify in with councils on how they’re utilizing the funds they increase throughout the funding time period. Anybody who has invested in a council with us will know that you just obtain an replace from them alongside the common funding returns, with updates on their local weather work and the way funds have been spent.
However we needed to go additional, so we determined to make sure that our council investments adjust to the Inexperienced Mortgage Ideas. These are internationally recognised requirements, additionally utilized by the UK Authorities for his or her inexperienced investments merchandise — Inexperienced Gilts and NS&I inexperienced bonds. In easy phrases, they make sure that cash invested can solely be used on inexperienced initiatives and we monitor every council to substantiate how they’ve spent the cash invested on Abundance. As of 2022, every council has revealed a Inexperienced Finance Framework after they launch their first funding with us, which units out the kind of initiatives they’ll use the funding for and the way they’ll document and report on spending.
We now have collated information from all of the councils who’ve raised cash with us thus far, and we’ll proceed to replace this as we get new info from councils on what they’ve delivered, which is often offered each six months after they pay their funding returns. Keep watch over the web site for the newest info.
The info under is right as of 19 February 2024.
Councils have delivered a various vary of inexperienced initiatives with funding raised on Abundance. Listed here are just some:
- Warrington Council half funded an superior hybrid photo voltaic farm to generate inexperienced vitality
- West Berkshire Council funded photo voltaic panels on council owned buildings. You may watch a video of their set up right here
- Telford & Wrekin Council helped fund their common Local weather Change Fund
- Cotswold District Council put in new public EV chargers to broaden entry to inexperienced transport for residents
As with every funding, there are dangers when investing on Abundance. Your invested capital is in danger and any return in your funding is determined by the power of the corporate or council you could have invested in to pay your returns. Investments on Abundance are typically long run and try to be ready to carry them to maturity. The investments are illiquid and chances are you’ll not be capable of promote them if you happen to want your a reimbursement earlier, and their worth can rise or fall. Some investments could also be secured, however this doesn’t assure reimbursement or your return.
Quoted returns aren’t any assure of future returns and previous efficiency isn’t a information to future efficiency. Particular dangers will apply in relation to every funding. Please think about all dangers earlier than investing. The investments on Abundance embrace debentures or bonds and peer to see loans — Abundance’s service in relation to loans isn’t lined by the Monetary Companies Compensation Scheme (FSCS).
