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£17 million raised in 2015 for social & environmental projects by Triodos Corporate Finance

£17 million raised in 2015 for social & environmental projects by Triodos Corporate Finance

News (UK)

Bristol-based Triodos Corporate Finance raised more thAn £17m in 2015, taking the total capital raised on behalf of clients in the last five years to £72m.

The bank provided funding for 11 organisations whose services include alleviating youth homelessness, housing people with a learning disability, engaging young people in education and creating clean electricity through community projects.

Amongst the transactions were Glasgow Together CIC, which completed a £2 million bond offer to fund a programme of job creation for ex-offenders which will see 40 new homes built over the five year live of the bond, and over £500K invested into the wages, training and mentoring of ex-offenders aiming to reduce the likelihood of reoffending.

Also closing in 2015, £910,000 was raised for Aspire Gloucestershire & Ambition East Midlands through two social impact bonds to provide working capital for two payment-by-results initiatives which aim to tackle homelessness among young people in the Gloucestershire and East Midlands regions.

Dan Hird, head of corporate finance, said: "Triodos Bank is all about inspiring people to use money positively so we are delighted to have attracted investment in our corporate finance deals from 20 different institutional investors and over 2,000 individual social investors this year alone. We are looking forward to a busy 2016, and we are always looking to hear from those seeking social investment."

Triodos Corporate Finance helps charities, social enterprises and environmental projects connect directly with investors to raise finance.

  • Social investment
  • UK