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 Bond.
Read the Financing For Society Local Authority Guide for more detail and a summary of the potential opportunities that crowdfunding can offer Local Authorities.
The Community Municipal Bond utilises the crowdfunding approach to create an efficient, scalable, and cost effective alternative to conventional funding sources such as the Public Works Loan Board (PWLB). But more than that, it creates a powerful new model for Local Authorities to engage with citizens as investors.
To support the piloting of the Community Municipal Bond, Abundance is offering 6 grants of £25,000 to support Local Authorities who want to fund local public infrastructure through this innovative new approach.
The grant comes from a Horizon 2020 project that Abundance is a member of, and includes a research wrap designed to understand the changes in attitudes of citizen investors to a Local Authority after making an investment.
Contact us to find out more.
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.