The company has raised funding for a wide range of renewable energy technologies (like wind, solar, tidal and pumped-storage hydroelectricity) and other low carbon infrastructure (EV charging stations[1] and sustainable forestry).
Abundance’s aim is to let people use their money to create change by investing in councils and projects “that are transforming the places we live for the better”[3].
In its first 12 years, Abundance raised around £140m from predominantly retail investors for over 45 sustainable infrastructure companies in the form of bonds, known on the platform as debentures.
Abundance launched its first Community Municipal Investments in 2020 following a report in May 2019 published by the Bauman Institute at the University of Leeds, “Financing for Society, Assessing the Suitability of Crowdfunding for the Public Sector”[5].
One of its key findings[6] showed that crowdfunding could be used to generate civic engagement with local residents and the report presented ‘Community Municipal Bonds’ co-created with Abundance as the mechanism.