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Could this be ‘the’ year for the ‘other IFISA’?
Nottingham YMCA raised money via Triodos crowdfunding in 2020 to build a new community facility.
Whitni Thomas, senior manager in investor relations and crowdfunding at Triodos Bank UK
While the most recent reports state that total ISA investment in the UK has now reached over £65 billion, the Innovative Finance ISA (IFISA) is still the lesser-known member of the ISA family of products. The IFISA was launched in 2016 to offer investors the opportunity to invest in peer-to-peer loans and crowdfunded debt securities in a tax-efficient way. After a slow start, IFISA investment grew rapidly and reached £1 billion by February 2020 according to The Investing and Savings Alliance (TISA).