COMMERCIALISM

Council raises £1m through UK's first local government green bond

The UK's first local government green bond has reached its target of raising £1m for West Berkshire Council five days early.

The UK's first local government green bond has reached its target of raising £1m for West Berkshire Council five days early.

It attracted 640 investors in total, with 22% of funds raised from West Berkshire residents.

The bond will help fund green infrastructure such as installing solar panels on council buildings and creating new cycleways.

Council leader, Lynne Doherty, said: 'I'm very pleased that this innovative way of funding the delivery of our environment strategy has had such a strong uptake from local people.

'Not only is it saving the council money, but it has allowed local people to get directly involved with our plans to reach net zero in the next decade.'

COMMERCIALISM

Celebrating excellence in local government

By Dawar Hashmi | 17 July 2024

Penna’s Dawar Hashmi reflects back on The MJ Achievement Awards earlier this year, and reminds us of the importance of recognising outstanding leadership.

COMMERCIALISM

AI – progress to a local government future

By Paul Marinko | 16 July 2024

Following a discussion last year on what AI promised for the councils of the future, The MJ and Penna reconvened a group of experts in the field to discuss p...

COMMERCIALISM

Matching up to a new Government

By Paul Marinko | 16 July 2024

New LGA chair Louise Gittins tells Paul Marinko how she plans to pick up the pace to net the sector’s key asks of Sir Keir Starmer’s new administration

COMMERCIALISM

Crowdfunding's power to transform

By Frank Kibble | 15 July 2024

Frank Kibble looks at examples of how crowdfunding has been successfully used by local government and residents to champion projects that directly reflect lo...

Popular articles by Laura Sharman