The bond offer
For several years NYMCA has been developing a £16.5m community and activity village in Newark-on-Trent in close partnership with the local authority. This exciting new development is a core element in the regeneration of Newark and will provide a range of accessible educational, health, leisure and community services to the town and its surrounding area.
The first £4m phase of sports pitches and facilities for the community and activity village was completed last year and following confirmation of a £2.2m capital grant from the regional Local Enterprise Partnership, NYMCA is now proceeding with the completion phase. The proceeds of this bond offer will be largely applied towards the project during 2021 and 2022. Combined with bank debt and capital grants, this will provide the funding required to complete the community and activity village.
Nottinghamshire YMCA bonds are eligible to held in a Triodos Innovative Finance ISA (IFISA). The IFISA is a type of ISA that allows you to hold crowdfunded debt securities such as this bond. As with all ISAs, there are eligibility criteria and you receive interest tax-free. ISA eligibility does not guarantee returns or protect consumers from losing their money.
To invest in Nottinghamshire YMCA bonds through a Triodos IFISA, select the ‘Invest through IFISA’ option. This selection will add to your current year IFISA or will open a new IFISA if you haven’t previously opened one.
Transferring an existing ISA
If you want to invest by transferring an existing ISA to a Triodos IFISA you must first request the transfer. You can do this under ‘Account’ once you’ve become a registered user of the platform. Your ISA transfer must be completed first, before you make an application for bonds.