Municipal bond

Municiple bonds provide a way of people directly investing in their city for the benefit of the local community.
 

Not my idea but I can't see how to 'keep' this idea via options on this consultation! 

Why the contribution is important

Funding from central govt is constrained and will especially be so as the economic impact of the pandemic take effect. The council and community need other ways of raising money apart from council tax. 

by SMS on January 08, 2021 at 12:56PM

Current Rating

Average rating: 4.5
Based on: 2 votes

Comments

  • Posted by NicoletteBoater January 08, 2021 at 15:47

    I would like this to be part of the mix of purposeful impact finance I argue for in my posted idea, but unclear who else apart from the ‘local people’ will need a stake in this to fund the range and scale of green investments.
  • Posted by Benjamoss January 08, 2021 at 17:59

    There have been other comments about circulating local finance for local projects - be it peer to peer , or through a centralised bond, or through alternative currencies. All have traction and are worthy of investigating.

    Critical is a sense of 'ownership' and participation- knowing where 'our' money is going and what it is paying for.

    Returns to investors of 2-3% on short terms for low amounts can be attractive, particularly when there are clear social / environmental 'returns' for society.

    In terms of recipients of investment , using a matrix to 'measure' impact in non-financial terms, so as to prioritise social / environmental impact is necessary. Putting a value on well-being is worthwhile!

    Triodos bank crowdfund platform shows evidence of these approaches.

    Well worth pioneering and making this funding mechanism work.
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