Hammersmith and Fulham green investment plan underway.
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Hammersmith and Fulham announced a plan to raise capital through community investments. According to the web page, this can reach up to £5 million. Arguably, “the UK’s biggest-ever green council community investment”.
Hammersmith and Fulham call themselves a pioneering Borough in ecology issues. This is with their attempts to maintain the minimum number of cars in the area, participating in low to zero wood burners and even the controversial laser “fireworks” on Bonfire night.
On November 15, the council launched the program on their website, promising a fixed return of 4.85%. In which, people can invest from £5 with a promised fixed return in 6 months.
The council plans to reach the goal of £1 million in the first year. With this money, it’s planned to help fund various measures. These are, to green parks and open spaces, improve and expand sustainable drainage networks, and installing new bike hangers and mobility hubs.
Councillor Rowan Ree, Hammersmith and Fulham Cabinet Member for Finance and Reform said, “investors know that their money is being invested in projects that will make a positive impact on our communities and people’s lives. It also means that the council can deliver climate and ecological projects cost-effectively which will help save taxpayer money. It’s a rare win-win.”
But, the message is not very clear since some of the residents don’t seem to agree with the scheme. Some think it’s an investment amount that already exists or that has already been given. This is due to the council’s website saying, “New £5m green investment to boost local climate projects”. When the reality is, that it’s an investment scheme that can reach up to £5 million, that doesn’t mean they will achieve this goal.
Residential area in Hammersmith and Fulham Borough
Doctor Steve Gosling, owner of several apartments in the area feels that the investment program can work for real estate companies such as the case of Marston Properties. In the case of private owners, he feels it’s not the best timing since the cost-of-living crisis is impacting everyone’s lives. He said, “the county is asking for more and more regulations that force the few remaining private owners to lose interest in continuing with the real estate business”.
Ruth Mayorcas, local resident and cyclist, expressed her dissatisfaction on Councillor Rowan Ree’s social networks. She goes on to discuss the non-compliance with the free parking program in the borough. Others asked for details and in general, people are still lacking awareness of this new program.
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HeadlineHammersmith and Fulham green investment scheme
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StandfirstGreen scheme information unclear on council web page leaving residents in the area confused.
Hammersmith and Fulham announced a plan to raise capital through community investments. According to the web page, this can reach up to £5 million. Arguably, “the UK’s biggest-ever green council community investment”.
Hammersmith and Fulham call themselves a pioneering Borough in ecology issues. This is with their attempts to maintain the minimum number of cars in the area, participating in low to zero wood burners and even the controversial laser “fireworks” on Bonfire night.
On November 15, the council launched the program on their website, promising a fixed return of 4.85%. In which, people can invest from £5 with a promised fixed return in 6 months.
The council plans to reach the goal of £1 million in the first year. With this money, it’s planned to help fund various measures. These are, to green parks and open spaces, improve and expand sustainable drainage networks, and installing new bike hangers and mobility hubs.
Councillor Rowan Ree, Hammersmith and Fulham Cabinet Member for Finance and Reform said, “investors know that their money is being invested in projects that will make a positive impact on our communities and people’s lives. It also means that the council can deliver climate and ecological projects cost-effectively which will help save taxpayer money. It’s a rare win-win.”
But, the message is not very clear since some of the residents don’t seem to agree with the scheme. Some think it’s an investment amount that already exists or that has already been given. This is due to the council’s website saying, “New £5m green investment to boost local climate projects”. When the reality is, that it’s an investment scheme that can reach up to £5 million, that doesn’t mean they will achieve this goal.
Residential area in Hammersmith and Fulham Borough
Doctor Steve Gosling, owner of several apartments in the area feels that the investment program can work for real estate companies such as the case of Marston Properties. In the case of private owners, he feels it’s not the best timing since the cost-of-living crisis is impacting everyone’s lives. He said, “the county is asking for more and more regulations that force the few remaining private owners to lose interest in continuing with the real estate business”.
Ruth Mayorcas, local resident and cyclist, expressed her dissatisfaction on Councillor Rowan Ree’s social networks. She goes on to discuss the non-compliance with the free parking program in the borough. Others asked for details and in general, people are still lacking awareness of this new program.
