West Berkshire Council launches 'UK's first' resident-funded green bond

West Berkshire Council has launched a green bond that will see residents invest in the region's renewable energy sector, in what it claims is a UK first.

Developed by Abundance, the aim of the bond is to raise £1m to finance the installation of solar panels on five council-owned buildings: two offices, two schools and a building at the former RAF station at Greenham Common.

Residents will be encouraged to invest in the bond with a minimum of £5. They will be urged to play their part in helping the council – and the UK more broadly – to build back better after the pandemic, creating local jobs in sectors spurring the low-carbon transition.

For the council, the benefit lies in the avoidance of costs related to conventional borrowing. Moreover, the local authority is striving to meet net-zero within its own operations by 2030 – 20 years ahead of the national deadline.

Further information here

Subscribe

* indicates required

XpoNorth will use the information you provide on this form to be in touch with you and to provide updates and marketing. Please let us know all the ways you would like to hear from us:

You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us, or by contacting us at info@xponorth.co.uk. We will treat your information with respect. For more information about our privacy practices please visit our website. By clicking below, you agree that we may process your information in accordance with these terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.