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Greenwich Green Investment 2

Helping fund green upgrades to parks and council owned buildings

Interest rate 4.1% a year

Term 5 years

Target £1m

Raised £74,168

79 days left

About Royal Borough of Greenwich

The Royal Borough of Greenwich is serious about taking action on the climate crisis. It declared a climate emergency in 2019 and set an ambitious target to reach net zero carbon emissions. As well as cutting its own emissions, it also wants to make sure the transition to a greener future benefits everyone in its borough, fighting inequality created by poor access to modern and environmentally friendly infrastructure, while also supporting and building communities.

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How is the council using the money raised?

The money invested will help fund a range of projects from its climate action programme. These measures are expected to include:

more LED lighting in its parks
installing solar panels
making green adaptations to its parks and Council buildings.

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.

Greenwich Council wants to encourage the whole community to make greener choices.

Key terms

BorrowerRoyal Borough of Greenwich

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 rate4.1% 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 September 2030

Capital repaymentRegular instalments

Offer open date2 June 2025

Offer close date1 September 2025The Loan Opportunity may be withdrawn before the Offer Close Date at the Borrower's discretion subject to it posting notice of withdrawal on the Abundance website.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 September 2025.

Interest periodsFrom 1 October to 31 March and 1 April to 30 September each year, starting from 1 October 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.

Set up 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.

Administration fee0.20% 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 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

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