Innovation Works seeks to raise $1,000,000 of needed capital for the project by February 2016 through London’s first ever Community Bond. Investors will provide debt financing for renovations and needed capital to create the only place in the community intentionally designed to encourage collaboration between social innovators.
How does it work?
The Community Bond is an opportunity for supporters of Innovation Works to make an investment that earns interest while creating community impact.
- Annual Interest Rate: 3%
- Minimum Investment: $1,000
- Interest & Repayment: Annual interest payments, principal will be repaid on the maturity date.
- Issue Date: March 1, 2016
Investor FAQ » Community Bond Overview »
Thanks to the incredible response of our friends, supporters and community members at large, London’s first Community Bond is officially sold out.
When we launched the Bond in October, we set a goal of raising $1,000,000 to help us complete needed improvements to 201 King Street, the future home of Innovation Works and provide cost effective capital. Within weeks the Bond had captured the hearts (and, you might say, the wallets) of organizations and individuals who wanted to be part of this exciting social finance initiative.
We want to thank all of our investors for helping us achieve this important milestone leading up to the opening later this year of Innovation Works, the only space in London specifically designed to encourage collaboration and social innovation.
Community Bond in the News