UK impact investment firm Ethex secures funding to scale platform
Summary
UK ethical investment platform Ethex has secured \xa3500,000 in funding from an impact investment consortium to scale its business.The consortiums members include CO2Sense and the Joseph Rowntree Foundation, alongside reinvestment from long-standing Ethex backer Friends Provident Foundation.Ethex also benefits from the continued endorsement of its founding investors, including Barrow Cadbury Trust, Better Society Capital and Esm\xe9e Fairbairn Foundation.Read more: Salad Money launches new IFISA bond on Ethex platformThe firm said that the new funding will enable the platform to scale its reach and impact.Ethex offers debt and equity investments into projects ranging from renewable community energy to financial inclusion initiatives. Some of these investments can be held in an Innovative Finance ISA tax wrapper.Target returns from Ethex investments currently listed on its website range from 3.5 per cent to nine per cent.Ethex exists to give individuals the power to align their money with their values and contribute to building a fairer, more sustainable world, said Lisa Ashford, chief executive of Ethex.Read more: Triodos and Lendahand join forces to boost impact lendingWith the support of our backers, we can take the next step in mobilising wealth towards projects that address the pressing challenges of our time, from climate change to financial inclusion and have all UK investors to join us in this.This funding reinforces our commitment to democratising finance, fostering community ownership, and creating the infrastructure needed to accelerate the UKs transition to a low-carbon and equitable economy. Together, we can build a future where people and planet truly flourish.Ethex investors have raised \xa3120m through the platform to date, with over \xa386.7m supporting community renewable energy projects.Read more: More work to be done on IFISA reform