Hammersmith and Fulham Council has successfully raised £3.3 million through its Green Investment Fund, with the money earmarked for local green projects.

The achievement was highlighted during the cabinet meeting on Monday, 8 December 2025, where members reviewed the council's treasury management strategy.

The Green Investment Fund, approved at the end of 2023/24, aimed to raise up to £5 million to be spent on local green themed projects . According to the Treasury Management Strategy Mid-Year Review 2025-26, the £3.3 million was raised through four separate bond issues in 2025/26. A total of 1,854 individuals invested in the five-year bond. The council anticipates raising a further £1.7 million in the next year.

Councillor Rowan Ree, Cabinet Member for Finance and Reform, presented the treasury management strategy review at the meeting. The report noted that the council approved the Green Investment Fund of up to £5m at the end of 2023/24 and to date £3.3m (or 95%) has been raised in 4 separate tranche issues in 2025/26.

The Treasury Management Strategy Mid-Year Review 2025-26 also provided an overview of the council's investment portfolio, borrowing strategy, and compliance with treasury and prudential limits.

During the first six months of 2025/26, cash balances were £44.2m at 31 March 2025 and £44.8m at 30 September 2025. These funds were invested in Money Market Funds (MMF) with an average yield of 4.09%, according to the report. The report also notes that interest on cash balances is subject to a degree of volatility dependent on changes in the economic climate (Gilt and interest rates), plus the Council's cash flow position.

The council also made principal repayments on its existing debt (£3.2m in total) and took out £85.0m of borrowing from the Public Works Loan Board (PWLB). Debt has increased from £288.3m to £370.1m, with the weighted average interest rate also increasing from 3.75% to 3.86%.

Liability Benchmark chart showing PWLB Loans, Net Loans Requirement, Liability Benchmark, Existing Loan Debt Outstanding, and Loans CFR from 2025 to 2029.
Liability Benchmark chart showing PWLB Loans, Net Loans Requirement, Liability Benchmark, Existing Loan Debt Outstanding, and Loans CFR from 2025 to 2029.

The cabinet noted the Key Decisions List, which provides notice of key decisions that the cabinet, cabinet members, or chief officers intend to consider in the future.