The nursery group, which operates as charitable social enterprise, had launched the charity bond to achieve its ambition of providing 10,000 children, particularly those from disadvantaged backgrounds across London, with access to high-quality and affordable early years education, by growing its number of sites.
Through the charity bond offer, LEYF will raise finance and philanthropic donations, which, over time, will be used to acquire and integrate new settings into the LEYF group, many of which it says would not be ‘attractive to for-profit providers’.
The seven-year bond offer is promoted by Triodos Bank through its crowdfunding platform and will pay 5 per cent interest annually. Investors will be given the option to forgo part of the interest by opting into a 0 per cent or 2.5 per cent interest rate instead. There is a £50 minimum investment, and the bond is eligible to be held in a Triodos Innovative Finance ISA (FISA) that allows interest to be received tax-free.
Register now to continue reading
Thank you for visiting Nursery World and making use of our archive of more than 35,000 expert features, subject guides, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's included
-
Free access to 4 subscriber-only articles per month
-
Unlimited access to news and opinion
-
Email newsletter providing activity ideas, best practice and breaking news
Already have an account? Sign in here