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Charity launches £20 million bond programme
This is a landmark development for Scope and could revolutionise the way we and other large charities raise finance for our work in the future.
Richard Hawkes, Chief Executive, Scope
Disability charity Scope is to pilot a £20 million bond programme to generate complementary funding for its charitable activities alongside the traditional donations and philanthropic loans it currently receives.
Matt Black caught up with the intermediary who helped mastermind the deal, Geoff Burnand of Investing for Good, to find out how it works.
The charity plans to use the finance raised through the Scope Bond Programme to expand its income generation activities such as fundraising programmes and its network of charity shops, both of which generate long-term sustainable sources of income for its work with disabled people.
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