Triodos Corporate Finance has raised over £17 million in 2015 for 11 organisations delivering a wide range of positive impact: alleviating youth homelessness, providing work for ex-offenders, housing people with a learning disability, engaging young people in education and creating clean electricity. This brings the total capital raised on behalf of clients in the last five years to £72 million.
The Triodos Corporate Finance team helps charities, social enterprises and environmental projects connect directly with investors in order to raise finance.
Dan Hird, Head of Corporate Finance said: “Triodos Bank is all about inspiring people to use money positively so we are delighted to have attracted investment in our corporate finance deals from 20 different institutional investors and over 2,000 individual social investors this year alone. We are looking forward to a busy 2016, and we are always looking to hear from those seeking social investment.”
Two of these investments have received recognition within the third sector. The Aspire Gloucestershire social impact bond, which will help support 500 young homeless people over the next three years, was nominated for the Investment Deal of The Year award by Social Enterprise UK.
Meanwhile, Career Connect who the Corporate Finance team advised on both the Triodos New Horizons and Unlocking Potential social impact bonds have also been celebrated. They provide training and education for young people in Merseyside, and won Best Social Investment Initiative at the Charity Times Awards in 2015.
Triodos Renewables plc: £3.5 million retail share offer to acquire and develop new renewable energy schemes, increasing their renewable energy generating capacity to 138 GWh – enough clean energy to power around 44,600 homes.
TLS Hydro Power Ltd: £2.5 million retail bond offer to acquire and develop additional hydro power schemes, increasing their renewable energy generating capacity to 16GWh – enough clean energy to power around 4,000 homes.
Dart Renewables Ltd: £1.3 million to construct a hydro power scheme and modern fish pass at the Totnes weir on the River Dart which will benefit the wider community by providing clean energy to a local school and an affordable housing development.
Chelwood Community Energy: £2.5 million retail share offer to construct a 5MW solar scheme near the village of Chelwood which will generate clean electricity and contribute an estimated £1.2 million to a community benefit fund over the life of the project.
Aspire Gloucestershire & Ambition East Midlands: £910,000 raised through two social impact bonds to provide working capital for two payment-by-results initiatives which aim to tackle homelessness among young people in the Gloucestershire and East Midlands regions.
Futureshapers & Unlocking Potential: £2.25 million raised through two social impact bonds to provide working capital for two payment-by-results initiatives which support vulnerable young people in Sheffield and in Merseyside who are at risk of becoming long term “NEET” (not in education, employment or training).
Glasgow Together CIC: £2 million bond offer to private and institutional investors
to fund a programme of job creation for ex-offenders which will see 40 new homes built over the five year life of the bond, 10-15 restorations of sub-standard properties and over £500,000 invested into the wages, training and mentoring of ex-offenders aiming to reduce the likelihood of reoffending.
Evidence Based Social Investments Ltd: £350,000 private placement to an institutional investor to provide working capital for a business that provides support to commissioners developing social impact bonds which aim to improve the lives of disadvantaged children in and at the edge of care.
Thera Trust: £2 million retail charity bond to help acquire additional properties to provide more homes for people with a learning disability and complex needs.
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A Good Look At How Homes Will Become More Energy Efficient Soon
Everyone always talks about ways they can save energy at home, but the tactics are old school. They’re only tweaking the way they do things at the moment. Sealing holes in your home isn’t exactly the next scientific breakthrough we’ve been waiting for.
There is some good news because technology is progressing quickly. Some tactics might not be brand new, but they’re becoming more popular. Here are a few things you should expect to see in homes all around the country within a few years.
1. The Rise Of Smart Windows
When you look at a window right now it’s just a pane of glass. In the future they’ll be controlled by microprocessors and sensors. They’ll change depending on the specific weather conditions directly outside.
If the sun disappears the shade will automatically adjust to let in more light. The exact opposite will happen when it’s sunny. These energy efficient windows will save everyone a huge amount of money.
2. A Better Way To Cool Roofs
If you wanted to cool a roof down today you would coat it with a material full of specialized pigments. This would allow roofs to deflect the sun and they’d absorb less heat in the process too.
Soon we’ll see the same thing being done, but it will be four times more effective. Roofs will never get too hot again. Anyone with a large roof is going to see a sharp decrease in their energy bills.
3. Low-E Windows Taking Over
It’s a mystery why these aren’t already extremely popular, but things are starting to change. Read low-E window replacement reviews and you’ll see everyone loves them because they’re extremely effective.
They’ll keep heat outside in summer or inside in winter. People don’t even have to buy new windows to enjoy the technology. All they’ll need is a low-E film to place over their current ones.
4. Magnets Will Cool Fridges
Refrigerators haven’t changed much in a very long time. They’re still using a vapor compression process that wastes energy while harming the environment. It won’t be long until they’ll be cooled using magnets instead.
The magnetocaloric effect is going to revolutionize cold food storage. The fluid these fridges are going to use will be water-based, which means the environment can rest easy and energy bills will drop.
5. Improving Our Current LEDs
Everyone who spent a lot of money on energy must have been very happy when LEDs became mainstream. Incandescent light bulbs belong in museums today because the new tech cut costs by up to 85 percent.
That doesn’t mean someone isn’t always trying to improve on an already great invention. The amount of lumens LEDs produce per watt isn’t great, but we’ve already found a way to increase it by 25 percent.
Maybe Homes Will Look Different Too
Do you think we’ll come up with new styles of homes that will take off? Surely it’s not out of the question. Everything inside homes seems to be changing for the better with each passing year. It’s going to continue doing so thanks to amazing inventors.
ShutterStock – Stock photo ID: 613912244
IEMA Urge Government’s Industrial Strategy Skills Overhaul To Adopt A “Long View Approach”
IEMA, in response to the launch of the Government’s Industrial Strategy Green Paper, have welcomed the focus on technical skills and education to boost “competence and capability” of tomorrow’s workforce.
Policy experts at the world’s leading professional association of Environment and Sustainability professionals has today welcomed Prime Minister Teresa May’s confirmation that an overhaul of technical education and skills will form a central part of the Plan for Britain – but warns the strategy must be one for the long term.
Martin Baxter, Chief Policy Advisor at IEMA said this morning that the approach and predicted investment in building a stronger technical skills portfolio to boost the UK’s productivity and economic resilience is positive, and presents an opportunity to drive the UK’s skills profile and commitment to sustainability outside of the EU.
Commenting on the launch of the Government’s Industrial Strategy Green Paper, Baxter said today:
“Government must use the Industrial Strategy as an opportunity to accelerate the UK’s transition to a low-carbon, resource efficient economy – one that is flexible and agile and which gives a progressive outlook for the UK’s future outside the EU.
We welcome the focus on skills and education, as it is vital that tomorrow’s workforce has the competence and capability to innovate and compete globally in high-value manufacturing and leading technology.
There is a real opportunity with the Industrial Strategy, and forthcoming 25 year Environment Plan and Carbon Emissions Reduction Plan, to set long-term economic and environmental outcomes which set the conditions to unlock investment, enhance natural capital and provide employment and export opportunities for UK business.
We will ensure that the Environment and Sustainability profession makes a positive contribution in responding to the Green Paper.”