Laura Sharman 16 July 2020

Council launches UK’s first local government green bond

The UK’s first local government green bond has been launched by West Berkshire Council.

The council aims to raise £1m from its citizens to fund solar panel installations on five council-owned buildings.

The bond uses Community Municipal Investment (CMI) developed by Abundance, which allows councils to offer a regulated investment directly to their residents for the first time.

Ross Mackinnon, the council’s executive member for finance and economic development, said: ‘We are very excited to be the first council to offer CMIs to our residents and community groups. They are a ground-breaking way to put residents’ money to work to help us build back greener after the pandemic.

’Communities investing directly with us will provide us with a cheaper alternative to conventional sources of funds reducing the overall cost of borrowing to all taxpayers across the district as well as making a positive contribution toward our target to be carbon neutral by 2030.’

Analysis by Abundance shows that CMIs have the potential to unlock £3bn for councils to finance net zero strategies.

SIGN UP
For your free daily news bulletin
Highways jobs

Data, Monitoring and Citizen Science Officer

Durham County Council
Grade 10 £37,035 to £40,476 p.a. (Pay Award Pending)
We are looking for an organised and reliable individual to join our team here at the North Pennines National Landscape in Stanhope for a period of 15 Stanhope
Recuriter: Durham County Council

Enhanced Teaching Assistant

Durham County Council
£25,584 - £27,711 pro rata
Enhanced Teaching Assistant Grade 5, £25,584 - £27,711 pro rata 37 hours per week, Term Time only + 2 weeks Permanent     Required from 1st September Ferryhill
Recuriter: Durham County Council

Structures Commissioner

Derbyshire County Council
Grade 14 £53,166 - £59,080 per annum (Pay Award Pending)
We are seeking an experienced and strategic leader to join our team as the Structures Commissioner. Derbyshire
Recuriter: Derbyshire County Council

Rough Sleeper Outreach Officer - WMF2139e

Westmorland and Furness Council
£31,067 - £31,586
We have an excellent opportunity for a motivated candidate to apply for the role of Rough Sleeper Outreach Officer. Penrith, Cumbria
Recuriter: Westmorland and Furness Council

Customer Operations Assistant

Wyre Borough Council
£12.26 Per Hour
Marine Hall is a vibrant and dynamic venue dedicated to delivering exceptional experiences for our audiences and customers. Poulton-Le-Fylde, Lancashire
Recuriter: Wyre Borough Council
Linkedin Banner