The opportunity, called Hounslow Green Investment, aims to raise £5m over the next five years, which will be invested back into the local economy in a range of environmental improvements.

Anyone investing in the project will receive a fixed interest payment every six months at 4.1 per cent.

This means that anyone can invest firsthand in green projects on their doorstep and make a fixed return on a low-risk investment at the same time.

Councillor Katherine Dunne, a climate, environment and transport cabinet member, said the Green Investment will help turbo-charge Hounslow Council’s Net Zero efforts.

Cllr Dunne said: “Such schemes have already proven incredibly successful and very popular in other local authorities.

“It’s a great way for people to invest in the borough and make a decent return too. But more importantly, it is encouraging people to take an active role in lowering local carbon emissions.

“We want everyone to play a part and that’s why you can start investing for as little as £5.”

The investment opportunity will run for three months or until it reaches the £1,000,000 target for the first cohort.

Hounslow Green Investment, also known as a Community Municipal Investment (CMI), offers residents and businesses the chance to invest in green projects while earning a fixed annual return for five years.

Abundance Investment, a leading platform for ethical and sustainable investments, manages the funding process.

It follows in the footsteps of other successful council schemes in The Cotswolds, Hammersmith and Fulham, Southwark and Camden.

Some of the projects that will receive investment include:

  • Clear Air for Schools, which supports various interventions, such as air purifiers, cycle infrastructures, and improving the building’s energy efficiency.
  • Active travel, which supports cycleway installation and upgrades.
  • Hounslow Community Energy Fund offers funding to decarbonise community spaces through solar panels, heat pumps, and LED lighting.

To sign up to the scheme, click here.

 

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