Cash-strapped London council starts crowdfunding drive to pay for green upgrades
by Richard Partington Economics correspondent from Environment | The Guardian on (#6JYNZ)
Southwark asks residents to invest as little as 5 to help fund eco-projects such as cycle hangars and school upgrades
Deep cuts to government funding have led a council in south London to ask its residents to invest their own money, for a financial return, to build cycle hangars, LED street lighting and green upgrades at schools and leisure centres.
Amid a financial crisis hitting town halls across England, councillors in Southwark have resorted to a crowdfunding scheme to raise 6m over the next six years to help fund climate-friendly projects.
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