Hounslow Council to Offer Climate Investment Bond to Residents
Seeking to raise £5million to fund green projects in the borough
Cllr Katherine Dunne (left) with the borough's Climate Pledge
November 27, 2024
Hounslow Council has announced that it intends to launch a Local Climate Bond in order to raise £5million for green projects in the borough.
Residents, community groups and businesses will be invited to invest with a minimum stake set at £5. The money raised will be used to increase for schemes such as increasing renewable energy sources and expanding green spaces to promoting sustainable travel.
Returns on the fund are not guaranteed but the council says it expects an annual yield of around 3.5-4.5% depending on market conditions.
Hammersmith & Fulham Council launched a similar investment scheme for its borough last year.
The initiative is designed to support the council’s Climate Emergency Action Plan by delivering projects that reduce the borough’s carbon footprint and help communities and places to become climate resilient.
The announcement of the new fund came at the same time as the borough signed the Climate Pledge.
Councillor Katherine Dunne, Cabinet Member for Climate, Environment, and Transport, said, “This is an incredibly exciting moment for Hounslow. By signing the Climate Pledge and launching our Local Climate Investment, we’re not just talking about tackling the climate emergency – we’re taking direct, tangible action. The future of our borough depends on all of us working together, and this initiative provides a unique opportunity for our residents, businesses, and community groups to make a meaningful difference.
“Hounslow has long been a leader in sustainability, and this initiative builds on the legacy of our Climate Emergency Action Plan. We’re creating pathways for everyone in our community to get involved, to invest in green projects that will improve our environment, our economy, and the lives of our residents. Together, we can create a greener, fairer, and healthier future for generations to come.”
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