William Eichler 04 June 2019

Platform launches fund to help councils crowdsource for ‘green’ projects

Platform launches fund to help councils crowdsource for ‘green’ projects   image

A finance platform has invited local authorities to apply for grants to pilot new Community Municipal Bonds for raising finance for green and low-carbon infrastructure projects.

A report published earlier this month by the University of Leeds concluded that utilising a new Community Municipal Bond (CMB) Structure would allow councils to raise funds at comparable rate to loans from the Public Works Loan Board (PWLB).

A CMB is a bond issued by a local authority direct to the public via a crowdfunding platform.

Published in collaboration with Local Partnerships and Abundance Investment, the University of Leeds study also said that a CMB Structure would enable councils to connect and communicate with residents in a new way.

Abundance Investment has now launched a £125,000 fund to help councils set up pilot Community Municipal Bonds which can be used for raising finance for green and low-carbon infrastructure projects.

Each authority would get £20,000 – £30,000 each and this would help cover the legal and internal set up costs of issuing a CMB.

The funds are being provided via Horizon 2020, the largest ever European funding programme for research and innovation with a budget of 79 billion euros running until 2020.

‘There has never been a more challenging time for local authorities as they face up to the Climate Emergency with limited funds available,’ said Karl Harder, co-founder and managing director of Abundance Investment.

‘We’re very excited to be involved in this pilot project which will help them do that, by raising funds to finance low-carbon infrastructure projects at a competitive rate while also bringing the local community along with them.’

SIGN UP
For your free daily news bulletin
Highways jobs

Part Time Occupational Therapist - Children & Families

Essex County Council
£39168 - £42254 per annum
Part Time Occupational Therapist - Children & Families - ColchesterPermanent, Part Time£30,906 to £42,254 per annumLocation
Recuriter: Essex County Council

School Crossing Patrol Officer

Essex County Council
Up to £8.92 per hour
School Crossing Patrol Officer Temporary, Term Time £8.92 per hour Location
Recuriter: Essex County Council

Associate Educational Psychologist

Essex County Council
Up to £450.00 per day + Limited
Associate Educational Psychologist Temporary, Part-Time £450 Ltd per day Location
Recuriter: Essex County Council

Team Manager - SGO and Connected Person Fostering

Essex County Council
Negotiable
Team Manager - Special Guardianship Order and Connected Person FosteringPermanent, Full Time£47,405 to £58,727 per annumLocation
Recuriter: Essex County Council

Duty Senior - Assessment and Intervention

Essex County Council
£39168 - £47405 per annum + + Free Parking & Benefits Package
Duty Senior - Assessment and Intervention - Chelmsford basedPermanentFull Time£39,168 to £47,405 per annumLocation
Recuriter: Essex County Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue