Glasgow City Council

Invest in Glasgow City Council’s programme to help the city deliver actions to save energy costs.

Glasgow Council logo

About Glasgow's Green Investment

Glasgow City Council is committed to making Glasgow one of the greenest cities in Europe, creating a healthier and more climate resilient city for our citizens to enjoy.

Over £1.8 million has been raised across the first two phases, which will be used to fund the installation of renewable energy generating assets and a series of nature-based interventions in suitable streetscapes outside schools and care homes across the city.

The council is now launching the third phase of its green investment opportunity to give citizens another opportunity to support its climate actions plans. It is raising up to £1.4 million to support the delivery of Glasgow’s smart travel and place based transformation programme, focused on creating healthier, more inclusive, and low-carbon neighbourhoods. Investment will be directed towards expanding active travel infrastructure, including safe walking, wheeling, and cycling routes, alongside improvements to public spaces that prioritise accessibility, safety, and community wellbeing.

How the council has used the money raised

Glasgow City Council will use the money raised to fund interventions in the city to help fight against the present and future impacts of climate change.

They will be funding sustainable energy projects, supporting the installation of solar panels across a number of council sites to reduce annual energy costs. It will then be focussing on Localised Liveable Neighbourhood Interventions which is part of the Council’s approach to deliver upon the current City Development Plan. This aims to help unlock a step change for Glasgow in how people and goods move around the city, in the design of our streets and public spaces, and in encouraging more sustainable and active travel choices.

Glasgow City Council
Amount spent
£0
Projects financed
0
Investments
0

Building a greener future across the city

The city declared a climate and ecological emergency in 2019. Glasgow's Climate Plan was developed to address these recommendations and provide a vision for the city, demonstrating leadership in drawing together the collective action of other agencies, businesses, and communities across the city including the Sustainable Glasgow partnership.

Whilst there is an understandable focus on stemming the flow of carbon dioxide in to the atmosphere, there is also a corresponding emphasis on utilising nature-based solutions and nurturing our own relationships with the natural environment, which our social and economic systems intrinsically depend on.

Title placeholder text
The council is investing in environmental and nature projects across the city

Glasgow's Green Investment 3

Key terms

Together with the Loan Conditions (available below), the Key Terms form the legal agreement that defines the terms of your investment.

Borrower

Glasgow City Council

Use of funds

Funding Eligible Green Projects under the Green Finance Framework.

Interest rate

4.55% a year

This is the interest rate paid by the Borrower to lenders and does not include the cost of fees paid to Abundance in its role as Arranger and Agent.

Term period

5 years after end of 'Initial interest period'

Maturity date

30 September 2031

Capital repayment

Lump sum on maturity

Offer open date

18 June 2026

Offer close date

2 September 2026

The Loan Opportunity may be withdrawn before the Offer Close Date at the Borrower's discretion subject to it posting notice of withdrawal on the Abundance website.

Minimum borrowing amount

£5.00

Maximum borrowing amount

£1,400,000

Initial interest period

This will start on the date the lender makes their investment and ends on 30 September 2026.

Interest periods

From 1 October to 31 March and 1 April to 30 September each year, starting from 1 October 2026.

Return structure

10 semi-annual payments of Interest on the last day of each Interest Period. Capital is repaid as a lump sum on the Maturity Date.

Arrangement fee

1.20% of the total loan amount raised

This is the fee paid to Abundance in its role as Arranger. The interest rate above is quoted after fees.

Management fee

0.10% of the outstanding loan amount, per year

This is the fee paid to Abundance in its role as Agent. The interest rate above is quoted after fees.

Early repayment options

The Borrower has the option to make a full early repayment of the Loans by giving notice to Abundance. An early repayment fee equal to 12 months' Interest will apply.

Loan conditions

Together with the key terms, the loan conditions form the legal agreement that define the terms of the investment.

Download PDF