Golden Lane Housing


Golden Lane Housing, the housing arm of Mencap, raised a charity bond to buy homes for people with a learning disability.


Key information

  • Focus area

    Social lending
  • Investment type

    Charity bonds
  • Region

    UK wide
  • Duration

    7 years
  • Investment amount

    £11 million
  • Cost of capital

    4.375% per annum
  • Challenge

    There is a lack of appropriate supported accommodation for people with learning disabilities who often live in large institutions that are far away from home, or stay with family members who are increasingly unable to cope.

  • Approach

    Golden Lane Housing provides quality supported housing for people with a learning disability so that they have choice about where they live, who they live with and what type of support they receive.

  • Revenue model

    £11 million was raised in eight days in the first ever charity bond to be listed on the London Stock Exchange. This is being used to buy and adapt 30 properties which for people with learning disabilities. Rental income, including housing benefits, will be used to pay interest to investors and cover costs of management and maintenance.

  • Impact

    The charity has invested over £83 million to buy or lease 700 homes for 1,320 people with learning disabilities to date. Ninety percent of tenants report a high level of satisfaction with their homes and many have found a new lease of life as they are more confident and engaged in their local communities. The bond enables Golden Lane Housing to provide high quality, supported housing in the community for a further 120 tenants.

Related investment

Charity Bond Support Fund

Charity bond fund helping charities and social enterprises raise capital from investors via the public bond markets.

Learn more
Glasgow Together 14.jpg
Alex Stephens.jpg

Alex Whatmuff

Investment Director
Talk to me about:
Social lending

You may also be interested in

  • Homebaked hero image SOCIAL LENDING

    Social lending

    We want to see a social lending market that meets the needs of a diverse range of social purpose organisations and investors alike.

    Learn more
  • Food works hero image OUR APPROACH

    Our approach

    We work with expert partners to understand people’s needs first. Then, using our knowledge and capital, we collaborate and invest with fund managers who also want to create a better, sustainable future.

    Learn more
  • Reboot West.jpg


    Our approach to impact is deeply embedded in our investment process, decision making and portfolio management, making sure it runs through everything we do.

    Learn more