Cotswold Climate Investment 50% funded three weeks after launch
Cotswold District Council has recently launched the Cotswold Climate Investment (CCI) scheme, a Community Municipal investment (CMI) which enables local people to invest directly into a greener, more sustainable and healthier future for the Cotswolds.
Since its launch on 26 April, the scheme has quickly gained momentum and seen great progress in investments, hitting 50% of its target in just over three weeks. The raise period for the CCI is 90 days, and closes on 27 July.
Councillor Joe Harris, Leader of Cotswold District Council said: “We are absolutely thrilled to report that in just over three weeks since the launch of the Cotswold Climate Investment, we are halfway to our £500,000 target having had over £250,000 invested.
“We launched the Cotswold Climate Investment in order to continue our progress with tackling the climate and ecological emergency, whilst making the Cotswolds a cleaner, greener and healthier place to work and live. The CCI allows us to work with our residents to deliver on this promise. The Cotswold Climate Investment scheme is open to all our local residents and presents an opportunity for them to invest anything from £5 to fund positive impact initiatives across the district, which have the planet’s best interests at their core.”
The Cotswold Climate Investment aims to raise £500,000 to support a range of projects, including installing publicly available off-street electric vehicle charging points (EVCPs) around the District to encourage electric vehicle take-up, and improving the energy and carbon performance of the Council’s Cirencester offices.
The scheme is delivered in partnership with Abundance Investment, the UK’s first and biggest regulated green investment platform. This is the first investment of this type to be issued by the Council and the first in the county of Gloucestershire. Residents can put their money to work to make a real difference towards delivering the Council’s 2030 vision to cut emissions and create safer, cleaner streets across the District.
Bruce Davis, Co-founder and Joint Managing Director of Abundance Investment, said: “It is great to see so many investors already putting their money to work to fight the climate emergency by investing with Cotswold District Council. As a local resident myself it is good to know that my own investment is making a difference on my doorstep.”
With a minimum investment of £5, investors earn 2.1% interest per year fixed, before tax, with interest and capital repayment every 6 months across the investment term. It will also be eligible to be held in an Innovative Finance ISA, which means that people will be able to get tax free investment returns.
Cllr Harris continued: “We are delighted with the momentum CCI has generated so far and hope that this continues so that we can reach our target and create a Cotswolds which is in partnership with the planet.”
If you’d like to invest in Cotswold Climate Investment, please visit: https://www.abundanceinvestment.com/invest-now/cotswold-climate-investment-2027
For more information on Cotswold Climate Investment, please visit Cotswold District Council’s website: https://cotswold.gov.uk/cci
Contact Information
Cotswold District Council Communications Team
Notes to editors
About Abundance Investment
Abundance is a leading direct investment platform that is putting people in control of their money. People invest in individual projects that generate something good for the environment and society as well as bank-beating returns.
The investor chooses which project or business to invest in from just £5 and benefits from a financial return, while the world benefits from the growth of sustainable businesses.
Since launching in 2012, more than 7,600 people have invested over £127m directly into the projects they support via the Abundance platform, with over £39m returned to investors. In the process, Abundance has achieved a number of firsts. As well as being the world’s first FCA-regulated investment based crowdfunding company, it is also the first investment platform to offer a dedicated investment based crowdfunding SIPP and launched the UK’s first Innovative Finance ISA for renewable energy investments on November 1st 2016.
In 2020, Abundance launched the first Community Municipal Investments after working with the University of Leeds to develop new ways to allow local people to actively participate in the transition to Net Zero. These investments let people invest directly into councils, allowing them to fund the real local green projects that we need to make a big impact on the climate emergency. Abundance’s new municipal investments, launched after September 2021, are structured as peer to peer loans and are eligible to be held in an Innovative Finance ISA. Abundance’s first two municipal investments, launched in 2020 with West Berkshire and Warrington Councils, were not ISA eligible.
Abundance also became a certified B Corp in 2018; these are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.
Abundance and Abundance Investment are trading names of Abundance Investment Ltd which is authorised and regulated by the Financial Conduct Authority (no. 525432).
Visit www.abundanceinvestment.com
Follow @AbundanceInv
Risk Warning:
As with any investment, there are risks when investing on Abundance. Your invested capital is at risk and any return on your investment depends on the ability of the local authority you have invested in to pay your returns. Investments on Abundance are generally long term and you should be prepared to hold them to maturity. The investments are illiquid and you may not be able to sell them if you need your money back earlier, and their value can rise or fall. Quoted returns are no guarantee of future returns and past performance is not a guide to future performance. Specific risks will apply in relation to each investment. Please consider all risks before investing and read the Offer Document or Factsheet for each investment. The investments on Abundance include debentures or bonds (from companies) and peer-to-peer loans (from councils) - Abundance’s service in relation to peer-to-peer loans is not covered by the Financial Services Compensation Scheme (FSCS).