Our climate bonds - issued in the form of Community Municipal Investments (CMIs) - are an innovative new way of letting the public make a positive impact on the climate crisis, as well as a powerful tool to allow councils all over the UK to accelerate their Net Zero plans.
We launched our first CMI in July 2020, and the two bonds we have launched so far have really shown the potential of this way of funding green infrastructure. Over 800 investors have invested £2 million with two councils, and 17% of people invested less than £100. You can learn more about these investments by following the links at the bottom of this page.
As well as offering councils a competitive alternative source of funding, they can also create real engagement with citizens to increase community participation in local climate action. You can learn more about the benefits the CMI model, and crowdfunding in general, can offer councils in the Financing For Society Local Authority Guide.
We know that many people want to create a better, greener future for the place they live. The innovative interest donation feature incorporated into our climate bonds allows investors to donate their interest earned back to the council to help further accelerate local action on climate change.
So far 15% of CMI investors have chosen to donate their interest back to the council, to help fund projects such as wildflower verge restoration, and solar power for charity organisations.
Our first CMI with West Berkshire District Council reached its full target in October 2020, with 22% of investment coming from local people. The council has already put investors’ money to work to build new local solar power, and the CMI has also had a powerful effect on energising the council’s green energy agenda.
Our second CMI with Warrington Borough Council helped fund a new hybrid solar-storage farm as part of their pioneering climate change strategy. As well as generating clean energy, the council’s solar farms will create a £100m+ operating surplus to build long term financial resilience and deliver core services.
We are keen to work with like-minded companies and public sector organisations who want to engage people through a direct investment offer.CONTACT US
Corporate Clients should consider all risks before raising capital through Abundance and take independent advice where necessary. As with any investment product there are risks. For any financing raised, part or all of the investor's invested capital may be at risk and any return on their investment depends on the success of the project invested in. Abundance investments may not be readily realisable (and their value can rise or fall). Financing may be secured or unsecured. Estimated rates of return can be variable and estimates are no guarantee of actual return. Specific risks will apply in relation to each financing product.