Triodos Bank teams up with charity to launch charitable bond

By John Reynolds on Friday 24 July 2020

Digital Banking

Triodos has teamed up with Thera Trust, which is looking to raise £5m via the bank’s crowdfunding platform.

Triodos Bank teams up with charity to launch charitable bond
Image source: Dan Hird/ Triodos Bank

Triodos Bank has teamed up with a UK learning difficulties charity which is launching a charitable bond on the bank’s crowdfunding platform.

Thera Trust is looking to raise £5m to provide specially adapted housing for people with a learning disability.

The five-and-a-half-year bond will pay investors 5.25 per cent gross interest per year, with a minimum investment of £100.

It marks the third time that the Dutch bank’s UK operation has teamed up with Thera Trust to raise capital through a bond.

Triodos pitches itself as a “sustainable bank” and was created to promote human quality of life and a more fair and sustainable society.

Triodos says its UK arm was the first UK bank to launch a crowdfunding platform, which it says has now raised more than £160m for over 40 social and environmental organisations.

Thera Trust provides care, support and services for over 3,200 people with a learning disability. Its work has continued throughout lockdown with the charity’s staff delivering tailored one-to-one support.

A key part of Thera Trust’s strategy is to provide tailored accommodation to people with a learning disability over the next five years, through freehold property purchases and long-term leases.

The new bond will help the charity to deliver this strategy by purchasing around 10 additional properties, as well as providing some working capital. 

The properties will be adapted by Thera to enable people that they support to live in their own home in an environment which meets their needs. 

Simon Conway, joint director of strategy, Thera Trust, said: "The demand for our work, including provision of specially adapted property for people with more complex support needs, continues to be high."

"We are therefore planning for further investment in additional freehold properties for individuals with a learning disability, which we know, both from independent research and our own experience, has a substantial positive impact in their lives.”

Dan Hird, head of corporate finance, Triodos Bank UK, said: “Our experience shows that more and more of us are looking for ways that we can contribute to building a fairer society and this is even more important as we emerge from the Covid-19 crisis."

“This bond offer allows ordinary investors to support a fantastic charity in Thera Trust, who are helping more people with a learning disability live more independently; while also earning a tax-free financial return on their investment.”

Sign up for our newsletters


Your daily 7am download of all things alternative finance and fintech.

Fintech and alternative finance headlines with an exclusive Editor's Note each week. Delivered Monday at midday.