Triodos Bank in £1.5m charity bond offer

Triodos Bank UK is partnering with Paces Sheffield, a charity for children and adults with Cerebral Palsy and other neurological motor disorders, to raise £1.5m through a new bond offer on the Triodos Crowdfunding platform.

As ISA investment continues to grow, Innovative Finance ISAs (IFISA) such as he Triodos Crowdfunding platform provides are still relatively unknown, despite a large majority of savers expressing the desire to invest more ethically.

For investors, the eight-year bond will pay 6 per cent gross interest per year, with a minimum investment of £50. Investors can also select a lower rate of interest to further support the charity. It is also available within the tax-efficient Innovative Finance ISA (IFISA) wrapper. As with all investments, interest payments and return of capital are not guaranteed and like all ISAs, the IFISA is subject to eligibility criteria.

Dan Hird, Head of Corporate Finance at Triodos Bank UK, added: “As we emerge from the pandemic, people are looking for ways to invest their money to support organisations that will make a positive impact on society over the long term. This bond offer allows ordinary investors to support a milestone project for a fantastic charity.”

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