First green Innovative Finance Isa to be launched

First green Innovative Finance Isa to be launched




Abundance has claimed it will be launching the 'first' green Innovative Finance Isa (IFIsa) for its investors.

The firm offers peer-to-peer investment that it claims create something good for the environment and society, without compromising on investors’ financial returns.

Abundance’s IFIsa will be open to its investors to buy debentures and earn returns free from tax.

One project that investors can contribute to is the financing of the Upper Pitforthie Windgen turbine.

“Our marketing team has been busy too. Last month, we asked you to give us some feedback on new areas for Abundance to consider when bringing you investments that offer a win win of socially useful infrastructure and financial returns,” said Bruce Davis, co-founder of Abundance.

“The results were surprising; pretty much all the areas suggested, from more co-investments with local authorities, to rural broadband, to investing in overseas renewables projects received via high levels of interest, were felt to fit with the mission and vision of our brand – investments that build a better world.”

Bruce also revealed Abundance was on the cusp of announcing a new offer from an exciting partnership with a social bank.

“All the team are very excited to see how we can turn your ISA from something gathering dust in the forgotten corner of a bank or riding the roller coaster of global stock markets into something that makes a difference in the real world.

“Yes we are asking you to take some risk with your money, but honestly, do you think anyone should get something for nothing? We don’t.” 

Investors can open an ISA with Abundance and start reserving a tax-free allowance of up to £15,240.

“Just as we don’t believe that business should free ride on the environment we also don’t believe that environmental investments should have a free ride from investors,” Bruce added.

“We believe in getting fair rewards for our customers by offering projects and companies who are trying to build new opportunities and a new economy in the UK and beyond.”

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