Sheffield Climate Investment 1

Installing new renewable energy generation across the city

Interest rate: 4.1% a year
Term: 5 years
Total Invested: £1m

Maturity date 31 Mar 2031

About Sheffield City Council

Sheffield City Council have declared a climate emergency and working towards Sheffield becoming a net zero city by the start of the next decade. The Sheffield Climate Investment gives residents the opportunity to invest as little as £5 in projects that make Sheffield greener and more resilient, letting everyone play an active role in shaping a more sustainable city.

How is the council using the money raised?

Sheffield City Council will use the money raised to help tackle climate change across the city, such as renewable energy generation, energy efficiency upgrades, electric vehicle infrastructure, and nature-based climate solutions. In the first phase they will use the money raised to install renewable energy generation across the city, expected to include solar on schools.

All investments from Sheffield City Council are compliant with the Green Loan Principles - internationally recognised standards that are also used by the UK Government for its green investments products. They require that the money invested can only be used to fund eligible green projects.

Learn more

Sheffield City Council are installing green energy across the city

Key terms

BorrowerSheffield City Council

Use of funds

Funding Eligible Green Projects under the Green Finance Framework

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 date31 March 2031

Capital repaymentLump sum on maturity

Offer open date1 December 2025

Offer close date2 March 2026The Loan Opportunity may be withdrawn before the Offer Close Date at the Borrower's discretion subject to it posting notice of withdrawal on the Abundance website.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 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 31 March 2026.

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

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 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 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

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 September 2026	£0.00	£20.50	£20.50
31 March 2027	£0.00	£20.50	£20.50
30 September 2027	£0.00	£20.50	£20.50
31 March 2028	£0.00	£20.50	£20.50
02 October 2028	£0.00	£20.50	£20.50
02 April 2029	£0.00	£20.50	£20.50
01 October 2029	£0.00	£20.50	£20.50
01 April 2030	£0.00	£20.50	£20.50
30 September 2030	£0.00	£20.50	£20.50
31 March 2031	£1,000.00	£20.50	£1,020.50
Total	£1,000.00	£205.00	£1,205.00