22 February 2006
Business leaders urged to ‘Bond’ and back campaign
Sheffield Chamber of Commerce Chief Executive,
Nigel Tomlinson is urging business leaders from
across the city to unite to help fight the problems
caused by high interest debt in Sheffield.
Nigel is appealing to Sheffield businesses to invest
Nigel is appealing to Sheffield businesses to invest
in the Sheffield Bond as a means of tackling
doorstep debt and so contributing to the
regeneration of the city.
Said Nigel: “The Sheffield Investment Bond is a
Said Nigel: “The Sheffield Investment Bond is a
real chance for the people of Sheffield to help
their own. The bond benefits everyone involved
and I am giving it my full support and hope that
Chamber members and businesses throughout the
city business region will do the same.”
Individuals and employers are being asked to invest money in the Sheffield Investment Bond with the guarantee of getting their money back after five years. The interest generated from the investments will be used by Moneyline Yorkshire to provide unique ‘joined-up’ services to those whose lives are blighted by debt. These services will include affordable loans, money advice and counselling and access to savings schemes.
The Sheffield Investment Bond, which is open until April 30th 2006, is managed by the ‘Citylife’ charity. Citylife is a charitable society, which developed the unique investment bond and has a proven track record in administering the scheme to support regeneration schemes. Previous bonds were successfully issued by Citylife in Sheffield in 1999 and 2004.
This is the first time in the United Kingdom that such a campaign will be used to tackle this issue and if successful it may become a model that the rest of the country will follow.
Nigel joins a host of other high-profile Sheffield faces who are backing the Bond, including Chief Executive of Sheffield City Council Sir Robert Kerslake. Sir Robert is championing the campaign which is targeting businesses and individuals across the city to raise the money needed to transform the lives of everyone affected.
It is estimated that about 60,000 households* in the city may be vulnerable to debt loans, some of which may exceed 900% interest**. This in turn causes problems to health, family stability and millions of pounds lost to local communities in loan repayments.
How can you help?
Individuals and businesses can help by buying a Sheffield Investment Bond by cheque, debit card or by payroll deduction.
To find out more information call freephone 0800 652 8776; or write to Freepost Sheffield Bond; or e-mail: info@sheffieldbond.org.uk
The Sheffield Investment Bond, which is open until April 30th 2006, is managed by the ‘Citylife’ charity. Citylife is a charitable society, which developed the unique investment bond and has a proven track record in administering the scheme to support regeneration schemes. Previous bonds were successfully issued by Citylife in Sheffield in 1999 and 2004.
This is the first time in the United Kingdom that such a campaign will be used to tackle this issue and if successful it may become a model that the rest of the country will follow.
Nigel joins a host of other high-profile Sheffield faces who are backing the Bond, including Chief Executive of Sheffield City Council Sir Robert Kerslake. Sir Robert is championing the campaign which is targeting businesses and individuals across the city to raise the money needed to transform the lives of everyone affected.
It is estimated that about 60,000 households* in the city may be vulnerable to debt loans, some of which may exceed 900% interest**. This in turn causes problems to health, family stability and millions of pounds lost to local communities in loan repayments.
How can you help?
Individuals and businesses can help by buying a Sheffield Investment Bond by cheque, debit card or by payroll deduction.
To find out more information call freephone 0800 652 8776; or write to Freepost Sheffield Bond; or e-mail: info@sheffieldbond.org.uk
NEWS