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New fund aims to raise £10 million to help fund rollout of smart meters
Foresight has launched a smart meter bond fund, which aims to raise £10 million in its first tranche.
The fund is believed to be the first of its kind, offering an innovative and simple funding solution for the UK rollout of smart meters.
The funds raised will generate returns by lending to companies that own, operate and rent smart meters to UK energy suppliers.
Investors will have the choice to invest over one, two or three-year fixed terms for between 4.07% and 4.83% rates of interest per annum.
“Foresight has a specialist focus on energy infrastructure and energy efficiency combined with a proud tradition of innovation in creating investment solutions that respond to investors’ needs,” said chairman, Bernard Fairman.
“We manage funds for more than 22,000 private investors and for some of the world’s leading financial institutions, and our innovative Foresight smart bonds fund is a good example of providing investors with market leading risk adjusted returns whilst improving the energy infrastructure across the UK.”
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