East London Bond

EastLondonBond.png In July 2010 we made our second social investment, in the East London Bond. The East London Bond uses the mechanism of a charitable bond to deliver positive change for communities in East London, while preserving the capital of investors in the bond. The East London Bond was offered by Allia (formerly Citylife), a national charity that issues Social Investment Bonds as a unique way to raise funds for charities. Of the total invested in the East London Bond, around 80% was to be loaned to social housing providers at commercial interest rates to develop affordable housing in the East London area. The remaining 20% was to be given as a tax exempt grant, divided equally between two charities working in East London - the Bromley by Bow Centre and Community Links. At the end of the 5-year bond holding period, the investors' original capital was returned in full - leaving behind a legacy of lasting change in East London. Read More