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Cotswold Climate Investment 2027

Funding public EV charging and cutting carbon emissions from council buildings.

Interest rate 2.1% a year

Term 5 years

Total Invested £500k

447 investors

Maturity date 31 Aug 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.

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
28 February 2023	£90.49	£10.41	£100.90
31 August 2023	£92.49	£9.62	£102.11
29 February 2024	£94.52	£8.50	£103.02
2 September 2024	£96.60	£7.69	£104.29
28 February 2025	£98.72	£6.51	£105.23
1 September 2025	£100.90	£5.58	£106.48
2 March 2026	£103.12	£4.43	£107.55
31 August 2026	£105.39	£3.42	£108.81
1 March 2027	£107.70	£2.26	£109.96
31 August 2027	£110.07	£1.16	£111.23
Total	£1,000.00	£64.64	£1,064.64