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Glasgow's Green Investment 3

Supporting smart travel across the city

Interest rate
4.55% a year
Term
5 years
Target
£1.4m
Raised £1.4m
13 days left
thumbnail of Glasgow's Green Investment 3

About Glasgow City Council

Glasgow City Council is committed to making Glasgow one of the greenest cities in Europe, creating a healthier and more climate resilient city for its citizens to enjoy.

The city is working towards an ambitious goal of being Net Zero Carbon by 2030 through the delivery of the Glasgow Climate Plan which outlines the city's vision and sets out a course of action.

The council wants this transition to benefit all communities in the city, improving both quality of life and climate resilience.

This investment programme allows residents to get involved to support the council's ambitions.

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How is the council using the money raised?

Glasgow City Council will use the money raised to support the delivery of Glasgow’s smart travel and place based transformation programme, focused on creating healthier, more inclusive, and low-carbon neighbourhoods. These include:

  • Expanding active travel infrastructure, including safe walking, wheeling, and cycling routes.
  • Improvements to public spaces that prioritise accessibility, safety, and community wellbeing.
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All investments from Glasgow City Council are compliant with the Green Loan Principles - internationally recognised standards that are also used by the UK Government for its green investment products. They require that the money invested can only be used to fund eligible green projects.

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A cycle lane in Glasgow
Glasgow City Council is investing in smart and active travel infrastructure across the city

Key terms

BorrowerGlasgow City Council
Use of funds

Funding Eligible Green Projects under the Green Finance Framework.

Interest rate4.55% a yearThis is the interest rate paid by the Borrower 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 September 2031
Capital repaymentLump sum on maturity
Offer open date18 June 2026
Offer close date2 September 2026The Loan Opportunity may be withdrawn before the Offer Close Date at the Borrower's discretion subject to it posting notice of withdrawal on the Abundance website.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 amount£1,400,000
Initial interest periodThis will start on the date the lender makes their investment and ends on 30 September 2026.
Interest periodsFrom 1 October to 31 March and 1 April to 30 September each year, starting from 1 October 2026.
Return structure10 semi-annual payments of Interest on the last day of each Interest Period. Capital is repaid as a lump sum on the Maturity Date.
Arrangement fee1.20% of the total loan amount raisedThis is the fee paid to Abundance in its role as Arranger. The interest rate above is quoted after fees.
Management fee0.10% of the outstanding loan amount, per yearThis is the fee paid to Abundance in its role as Agent. The interest rate above is quoted after fees.
Early repayment optionsThe Borrower has the option to make a full early repayment of the Loans by giving notice to Abundance. 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

Find out how much you could earn using the calculator below.

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Capital repaid £0.00
Interest £0.00
Total returned £0.00
Payment Date Capital Interest Total