Bristol Wood Recycling Project (BWRP) raising £430,000 through a new bond offer on Triodos Bank's crowdfunding platform. The enterprise collects, repurposes and sells wood that would otherwise go to waste.

Ben Moss, co-founder and director of Bristol Wood Recycling Project, said: “Crowdfunding through Triodos will help us to raise the funds quickly and efficiently and the low minimum investment of £50 means we should attract a wide range of investors to join our community and help us create a positive future.”

Triodos Bank, which has its UK head office in Bristol, is the first UK bank to launch an investment crowdfunding platform.

Dan Hird, head of Corporate Finance at Triodos Bank, said: “We are proud to be supporting Ben and the team at Bristol Wood Recycling Project. The business has an excellent reputation and its work in reducing and recycling waste wood, as well as its volunteer programme, make it an ideal fit with Triodos Bank’s mission to make money work for positive social, environmental and cultural change.”

The minimum investment in the bond is £50 and the offer is expected to fill quickly after its launch on 28 January. The bonds will pay interest of 4 per cent gross per year. The bond has a six-year term and is repayable in full on 15 March 2025. The bonds are also eligible to be held in an Innovative Finance ISA.

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