Hammersmith & Fulham Council’s low-risk investment offer – H&F Green Investment – has re-opened with a fixed annual interest rate of 4.6%.
The next phase of the pioneering scheme was announced on Monday (26 February) and follows the success of the initial phase raising £1million, thanks to the support of local residents and businesses.
The fixed return of 4.6%-a-year across a five-year term offers investors the chance to support local green projects, such as solar panels, LED lighting and air source heat pumps.
Cllr Rowan Ree, H&F Cabinet Member for Finance and Reform, said: “We’re excited to be the first council to launch a second phase of our green investment. It will also benefit the local economy and residents by creating green jobs, cleaning our local air and cutting costs long-term.
“We were delighted to hit our target for phase one earlier than planned. It shows that investors and H&F share a commitment to taking climate action.”
Residents can invest until 27 May 2024, or until the raise target of £1m has been reached.
Invest in clean energy
H&F has set the ambitious target of raising £5m through a series of investment phases. Phase two is raising funds for retrofit measures such as solar panels, LED lighting and air source heat pumps, which are set to be rolled out to local schools, libraries and community centres.
By investing from as little as £5, residents, businesses and community groups can help switch H&F from fossil fuels to cleaner energy while earning a fixed cash return of capital and interest, paid every six months.
Lock in a fixed 4.6% interest rate today
Or visit the H&F Green Investment webpage for details and answers to frequently asked questions.
Proven track record
Over the last three months, more than 860 investors contributed to phase one. It closed on 7 February 2024, sooner than expected, after reaching the full £1mil target.
The investment has already helped fund measures to green and flood-proof Eelbrook Common, Fulham, and support residents in making healthier travel choices by installing 500 new bike hangars.
It’s all to support H&F’s wider ambition to help residents lead healthier lives, clean our dirty air and reach carbon net zero in H&F.
Notes:
This content was approved as a financial promotion by Abundance Investment (525432). Approval date: 27 February 2024.
Capital at risk. Investments are long term and may not be readily realisable. This content has been approved as a financial promotion by Abundance who are authorised and regulated by the Financial Conduct Authority (525432).
Holding investments in an IFISA does not reduce the risk of the investment or protect you from losses. You can still lose all your money. It only means that any potential gains from your investment will be tax free. The tax treatment of your investment will depend on your individual circumstances and may change in the future.
H&F Green Investment, which is a loan, is Green Loan Principles compliant and is being issued under a Green Finance Framework. This is a voluntary standard which sets out how Hammersmith & Fulham Council intends to manage its green local authority securities in the future, and outlines how they will meet the Green Loan Principles. This assures investors that funds raised can only be used to help them deliver on eligible green projects from within this framework, and Abundance will monitor the use of funds across the investment term to ensure the principles are being adhered to.
