Residents of Hammersmith & Fulham have successfully raised £890,000 in support of local green initiatives, and there’s a push to reach the £1 million mark. Over 800 people, including numerous residents and community groups, have backed the low-risk investment initiative known as H&F Green Investment. The scheme, with a 4.85% annual interest rate over a five-year term, is seen as a unique opportunity for residents and businesses to contribute to projects enhancing their local area. Investors will receive a fixed return of interest rate and capital every six months. The first phase of the initiative will close upon reaching £1 million, and the borough aims to raise a total of £5 million through various investment phases. This initiative stands as the UK’s largest community investment opportunity from a local authority supporting green projects. The funds will support projects such as planting a Tiny Forest in Frank Banfield Park, extending green verges along New King’s Road to mitigate local flooding, and restoring the wildlife pond in the northern end of Ravenscourt Park. Investors have until February 13 to secure the current rate before it expires with the achievement of the £1 million target.
