A new note on evergreen funds for councils
Mark Aspinall 1 December 2021
There has been a significant increase in interest from councils in evergreen funds and how they might help meet strategic objectives and also deliver valuable additional revenue. This is particularly true of housing objectives which can often be tied to building activity and secured with an equity interest in some of the properties.
With over 30 years’ experience in the industry, most of it working with a wide range of councils across the UK, Gemini have produced a simple overview of how an evergreen fund might operate and what sort of schemes might be included within it. It very briefly gives some insight into how an evergreen fund might act as an umbrella for multiple schemes, give funding greater flexibility and responsiveness and how it can be made to build up over time. It covers ideas such as deposit assistance, green loans and mortgages, rights sizing and so on. If you’d like to take a look, you can download it here.