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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