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Charity Bond shortlisted for CFI.co Finance Award

15/03/2016

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Golden Lane Housing’s Retail Charity Bond has been shortlisted for the Best ESG Bond Issuer – UK 2016 Award following the voting from their readers, subscribers and contributors.

The pioneering Bond was the first ever charity bond to be listed on the London Stock Exchange and raised £11 million, closing early and heavily oversubscribed after less than two weeks. It was issued through the Retail Charity Bonds platform, created by Allia, a UK based charity and specialist in social investment, in association with Canaccord Genuity to raise unsecured loan finance for charities from ethical investors.

Golden Lane Housing is using the proceeds to buy and specially adapt the much needed accommodation for over 120 people with a learning disability in their community who are supported by Mencap.

Trevor (pictured above) is among the people who has benefited from the Retail Charity Bond.

His Mother Carol explained, “Where Trevor was living, that’s all behind him now. He’s a different person since he moved in with Graeme and Kate, you can see the happiness in his face. He’s always laughing. They’re his own age, have similar interests and like going out, that’s what young people do.

Trevor’s bedroom is at the front of the house on the ground floor because he finds it difficult to climb stairs. It’s spacious with a lovely big window which he spends hours looking out of to see what’s going on. It’s been painted in his favourite colour, green. Trevor is really happy sharing with his friends, the Mencap staff here are great and the house is perfect for him. Everything is close by as it’s only a ten minute walk to the town centre. We live near to him to and regularly come to visit. I couldn’t ask for more.”

Alastair Graham, director of GLH, said “We are delighted to be shortlisted for the Best ESG Bond Issuer – UK 2016 Award. The bond capital has enabled us to buy and specially adapt 30 fantastic homes for over 120 people with a learning disability across the country supported by Mencap – creating a lasting legacy for generations to come. By providing the right environment people are gaining greater independence by developing and learning new skills both in the home and community.”