Back
thumbnail of Bristol Climate Action Investment 1

Bristol Climate Action Investment 1

Fund green upgrades on buildings that provide services for local people

Interest rate 4.2% a year
Term 5 years
Target £1m
Raised £156,875
219  investors
81 days left
Log in to invest Sign up
thumbnail of Bristol Climate Action Investment 1

About Bristol City Council

Bristol City Council is serious about taking action on the climate emergency and has already reduced its direct emissions by two-thirds since 2015. It believes that reducing greenhouse gas emissions in the city is key to addressing the climate emergency, supporting economic growth and creating jobs across Bristol and the wider region.

Learn more

How is the council using the money raised?

The money invested will help fund a range of green projects at locations such as:

  • a children's respite care home in Saltmarsh Drive
  • Bristol City Council offices and community facilities at Ridingleaze House and Peterson Square.

These measures are expected to include:

  • installing heat pumps
  • installing solar panels and LED lighting
  • wider energy efficiency improvements

This investment is Green Loan Principles compliant

This investment has been issued under a Green Finance Framework. This is a voluntary standard which sets out how the 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.

A wind turbine installed in the Bristol area
The council has supported green energy projects across the city

Key terms

BorrowerBristol City Council
Use of funds

Funding Eligible Green Projects under the Council's Green Finance Framework, with an expected focus on Green Energy and Energy Efficiency

Interest rate4.2% a yearThis is the interest rate paid by the Local Authority to lenders and does not include the cost of fees paid to Abundance in its role as Arranger and Agent.
Term period5 years after end of 'Initial interest period'
Maturity date30 June 2030
Capital repaymentRegular instalments
Offer open date3 March 2025
Offer close date31 May 2025The Loan Opportunity may be withdrawn before the Offer Close Date at the Borrower's discretion subject to it posting notice of withdrawal on the Abundance website.
Minimum borrowing amount£5.00
Maximum borrowing amountThere is no formal Maximum Borrowing Amount. The Borrower may raise such amount as agreed with Abundance in the context of its wider borrowing limits.
Initial interest periodThis will start on the date the lender makes their investment and ends on 30 June 2025.
Interest periodsFrom 1 July to 31 December and 1 January to 30 June each year, starting from 1 July 2025.
Return structure10 semi-annual payments of Interest & Capital on the last day of each Interest Period, with the last one on the Maturity Date.
Arrangement fee0.75% of total amount raisedThis is the fee paid to Abundance in its role as Arranger. The interest rate above is quoted after fees.
Management fee0.20% of total amount raised per yearThis is the fee paid to Abundance in its role as Agent. The interest rate above is quoted after fees.
Early repayment optionsThe local authority has the option to make a full early repayment of the loan on any payment date. An early repayment fee equal to 12 months’ Interest will apply.

Documents

Loan Conditions
Download PDF Together with the key terms, the loan conditions form the legal agreement that define the terms of the investment.
Green Finance Framework
Download PDF This document provides the overarching criteria and guidelines for how the council will raise funding for eligible green projects and ensure ongoing compliance with the Green Loan Principles.

Payment schedule

This table gives a breakdown of what is due to be paid back on this investment, based on an example investment of £1,000.

Payment schedule table
Payment date Capital repayment Interest Total
31 December 2025 £90.90 £21.17 £112.07
30 June 2026 £92.81 £18.93 £111.74
31 December 2026 £94.76 £17.28 £112.04
30 June 2027 £96.75 £15.02 £111.77
31 December 2027 £98.79 £13.22 £112.01
30 June 2028 £100.86 £11.01 £111.87
31 December 2028 £102.98 £9.00 £111.98
30 June 2029 £105.14 £6.70 £111.84
31 December 2029 £107.35 £4.59 £111.94
30 June 2030 £109.66 £2.28 £111.94
Total £1,000.00 £119.20 £1,119.20