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Peer2Peer Finance News | October 23, 2017

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Abundance’s Bruce Davis chosen for Green Finance Taskforce

Abundance’s Bruce Davis chosen for Green Finance Taskforce
Suzie Neuwirth

ABUNDANCE co-founder Bruce Davis (pictured) is one of the financial experts chosen by the government to join its new Green Finance Taskforce, to help accelerate the growth of eco-friendly finance.

Davis, who is also a director of the UK Crowdfunding Association and co-founded Zopa, joins more than a dozen senior leaders from the financial sector for the new government initiative. The Taskforce will work with industry to accelerate the growth of green finance, and help deliver the investment required to meet the UK’s carbon reduction targets.

Read more: Abundance investors energised by Green Deal loans opportunity

The initiative is chaired by Sir Roger Gifford, who was formerly the City of London’s mayor. Other members of the Taskforce include Nikhil Rathi, chief executive of the London Stock Exchange, Rhian-Mari Thomas, managing director at Barclays and Michael Sheren, senior adviser at the Bank of England.

Abundance, which specialises in ethical investments such as renewable energy, is the only alternative finance platform on the Taskforce.

Read more: Abundance launches fundraising for UK’s first geothermal plant

“Abundance is proud to be included in the new government Taskforce on Green Finance and wholeheartedly welcomes the aim to make the UK a global hub for green finance,” said Davis.

“We are also keen to find ways to allow as many people as possible to put their money to work in a way that fits their values and directly supports the UK’s transition to a clean growth economy.”

Abundance was one of the first alternative finance platforms to launch the Innovative Finance ISA, having already secured the correct regulatory permissions by April 2016.

Read more: Abundance launches tidal power project for P2P investors