thumbnail of Camden Climate Investment 2027

Camden Climate Investment 2027

Interest rate 1.75% a year
Term 5 years
Total Invested £1m
391  investors
Maturity date 30 Jun 2027
thumbnail of Camden Climate Investment 2027

About Camden Council

In 2019 Camden Council formally announced a climate and ecological emergency and is targeting making Camden net zero carbon by 2030.

Camden Council has placed community engagement at the heart of its plans to tackle the climate emergency. They convened a Citizens’ Assembly in 2019 to ensure that the community was central in how they set out their Climate Action Plan 2020-2025, which came into force in 2020.

How did the council use the money raised?

The money raised from this investment has been allocated by the council to fund a number of initiatives from its Climate Action Plan, including:

  • Installing 80 further electric vehicle charging points to encourage residents to switch to electric vehicles.
  • Continuing the rollout of their Healthy School Streets initiative, which aims to improve air quality and improve the local environment around schools. Up to 4 projects were funded by this investment.
  • Contributing to the replacement of Camden’s fleet of diesel and petrol vehicles with green alternatives.
  • Installing solar panels on public buildings to reduce carbon and the cost of electricity.
Solar power on council housing at York Way
Solar power on council housing at York Way

Key terms

BorrowerCamden Council
Use of funds

To support Camden Council to fund public electric vehicle charging points, replace Camden's fleet of diesel and petrol vehicles with green alternatives, continue to roll out of the Healthy School Streets programme, and install solar panels on public buildings as part of their plan to reach their zero-carbon target by 2030.

Interest rate1.75% 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 2027
Capital repaymentLump sum on maturity
Offer open date8 March 2022
Offer close date29 June 2022
Minimum borrowing amount£5.00
Maximum borrowing amount£1,000,000.00
Initial interest periodThis will start on the date the lender makes their investment and ends on 30 June 2022.
Interest periodsFrom 1 July to 31 December and 1 January to 30 June each year, starting from 1 July 2022.
Return structureInterest is paid every 6 months with the capital repaid as a lump sum on the maturity date.
Arrangement fee0.20% of total amount raisedThis is the fee paid to Abundance in its role as Arranger. The interest rate above is quoted after fees.
Management fee0.05% 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 can repay early 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.

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
30 December 2022 £0.00 £8.82 £8.82
30 June 2023 £0.00 £8.67 £8.67
2 January 2024 £0.00 £8.82 £8.82
1 July 2024 £0.00 £8.72 £8.72
31 December 2024 £0.00 £8.82 £8.82
30 June 2025 £0.00 £8.67 £8.67
31 December 2025 £0.00 £8.82 £8.82
30 June 2026 £0.00 £8.67 £8.67
31 December 2026 £0.00 £8.82 £8.82
30 June 2027 £1,000.00 £8.67 £1,008.67
Total £1,000.00 £89.31 £1,089.31

Updates

These updates tell the story of the investment over its life and include information reported to investors by the company or council behind the investment. The updates are provided for informational purposes only and do not constitute an inducement or invitation to invest. Information provided at the time of publishing may no longer be accurate.

An investment return from Camden Climate Investment 2027 was paid today.

Please read the full update here

Please read the full update here

An investment return from Camden Climate Investment 2027 was paid today.

Please read the full update here

An investment return from Camden Climate Investment 2027 was paid today.

This first payment covers the interest earned in the initial period from the date an investor placed their investment to 30 June 2022. Future interest payments from this investment will be every 6 months.

This investment closed today.

Please read the full update here

Camden Climate Investment 2027 opened for investment today.