thumbnail of Cotswold Climate Investment 2027

Cotswold Climate Investment 2027

Interest rate 2.1% a year
Term 5 years
Total Invested £500k
447  investors
Maturity date 31 Aug 2027
thumbnail of Cotswold Climate Investment 2027

About Cotswold Council

Cotswold Council has declared both a climate and ecological emergency. As a result they have set the goal to become a Net Zero district by 2045.

To achieve this goal they have created a ‘Climate Emergency 2020 — 30 Priorities’ plan to deliver real action across all the communities of the district. This places climate and biodiversity considerations at the heart of all their planning decision and aims to ensure that all developments are done with the support and input of local communities.

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 Emergency 2020 - 30 Priorities plan, including:

  • Installing up to 10 public EV chargers to help residents switch to electric motoring
  • Fund green upgrades to council buildings, including solar PV and LED lighting
Cotswold District Council is investing in green infrastructure

Key terms

BorrowerCotswold District Council
Use of funds

Support local projects in the Cotswolds such as installing public EV charging points, and upgrades to buildings to reduce the council’s emissions to help Cotswold Council tackle the climate crisis and improve the local environment for residents.

Interest rate2.10% 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 date31 August 2027
Capital repaymentRegular instalments
Offer open date27 April 2022
Offer close date14 August 2022
Minimum borrowing amount£5.00
Maximum borrowing amount£500,000.00
Initial interest periodThis will start on the date the lender makes their investment and ends on 31 August 2022.
Interest periodsFrom 1 September to 28 February and 1 March to 31 August each year, starting from 1 September 2022.
Return structure10 semi-annual returns of Interest and Capital on the last day of each Interest Period with the last one, on the Maturity Date.
Arrangement fee0.25% 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.
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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.

Please read the full update here

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

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

Please read the full update here

Please read the full update here

Please read the full update here

Cotswold District Council has paid the interest for the initial interest period. This first payment covers the interest earned in the initial period from the date you invested to 31 August 2022. Future interest payments from this investment will be every 6 months, with the next payment due on 28 February 2023.

This investment closed today.

Please read the full update here

Cotswold Climate Investment 2027 opened for investment today.