In 2016 we launched the first Local Authority Green ISA bond with Swindon Borough Council, which funded two 5MW solar parks with the participation of more than 1,600 investors. Since then, Abundance has been working to find ways to help more Local Authorities finance public infrastructure through crowdfunding to create:
We have worked with Bristol and Leeds City Council as part of the Financing For Society programme, and have developed a new model for citizen led investment in Local Authorities called the Community Municipal Investment (CMI).
CMIs are an innovative new way of making a positive impact on the climate crisis, and a powerful tool to allow councils all over the UK to accelerate their green energy plans. We launched our first CMI in July 2020, and already over 800 investors have invested £2 million with two councils, with 17% of people investing less than £100.
Read the Financing For Society Local Authority Guide for more detail and a summary of the potential opportunities that crowdfunding can offer Local Authorities.
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.