Work with us
2013 Social Investment Bond
£10 million Golden Lane Housing Bond money has been deployed to buy and adapt new homes
The 2013 bond was redeemed in January 2018.
Golden Lane Housing’s charity bond raised in September 2013 £10 million to finance the desperately needed housing for people with a learning disability in specially adapted homes in the community.
The bond instrument attracted over 700 individual investors and a range of institutional investors such as charitable trusts and foundations. Our reach has extended considerably to people who now know more about housing and learning disability. The publicity during the time of the bond issue has helped to change people’s attitudes, with positive stories about (and pictures of) people with a learning disability appearing in the national and regional media.
We have deployed the full £10 million to buy 25 properties which are homes for 99 people with a learning disability in high quality houses and bungalows in residential areas and supported by Mencap.
The houses and bungalows will be there for future generations of people with a learning disability – the bond has enabled us to create a lasting legacy.
Golden Lane Housing bond wins Charity Times Awards
In October 2013 Golden Lane Housing was proud to be awarded the Social Investment Initiative of the Year for our charity bond. This momentous evening was celebrated with tenants Daymien and Stephen (who have moved into a property bought using bond money) and their Mothers, Royal Society Mencap and Triodos Bank NV.
Assessing the social and financial impact
In terms of the social impact, we have assessed the impact of the bond on people who move using a progression tool based on Mencap’s ‘What Matters to Me’ framework. This enabled us to assess and report on the difference the move has made to people in terms of their quality of life and independence.
We also survey the families of the people who move into the bond properties to assess the impact of the move on them.