UK's biggest-ever green council community investment to launch in West London
Hammersmith & Fulham Council is set to launch the UK’s ‘biggest-ever’ green council community investment, a new £5m investment offer to fund local climate and ecological projects.
It means that local residents and businesses can personally invest in green projects on their doorstep, and make a good fixed return on a low-risk investment. The H&F Green Investment was approved at a Cabinet meeting on Monday 6 November. It will allow us to deliver ecological projects and retrofits to help fight climate change much faster.
Cllr Rowan Ree, H&F Cabinet Member for Finance and Reform, commented: “This is funding vital work in an innovative way, funding green improvements in our borough from our borough.
“With the current high interest rates and huge local interest in tackling climate change, residents can secure a long-term, fixed-rate investment which will directly benefit their community.”
The new H&F Green Investment will be the UK’s biggest-ever council-issued community investment, and follows in the footsteps of other successful council schemes from The Cotswolds to Camden.
The investment will allow residents and businesses, who are concerned about the impact of climate change on the borough, to invest directly in measures to mitigate it. H&F’s ‘ambitious’ journey to net zero began in 2019. Since then, we’ve taken action to help mitigate the effects of climate change.
It is not just about raising funds to pay for climate change. It is about involving residents, raising their awareness of the perils of climate change, and how they can play an active role lowering local carbon emissions.
By Matthew Neville – Senior Correspondent, Bdaily
- Add me on LinkedIn and Twitter to keep up to date
- And follow Bdaily on Facebook, Twitter and LinkedIn
- Submit press releases to firstname.lastname@example.org for consideration.
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.