Eye Health Bond
A new financial bond to release millions of pounds for eye health
Investing in eye health is one of the most effective and proven solutions for unlocking human potential. Over 1 billion people live with poor vision that could be corrected today. Poor vision is linked to lower educational attainment, lower general health and wellbeing, higher numbers of road traffic accidents, and lower productivity.
The case for support for eye health is clear. It is also clear that philanthropy alone cannot solve the need. Against this background the Vision Catalyst Fund has partnered with P1 Capital to deliver a financial product that will not only bring a return to investors, but raise funds for eye health programmes in lower and middle income countries. David and Molly though the David and Molly Pyott Foundation, are our first investors in the P1 Eye Health Accelerator Bond.
Molly and David said “The Eye Health Accelerator Bond excited us because of its simplicity, low transaction costs and scalability across many geographies and global challenges. It is our hope that others will join us in deploying capital in this way to support people in need. The world of impacting investing can be complex and opaque. Here is an example of investing with impact, that is clear, easy and powerful.”
Simple and Impactful Investment
The P1 Eye Health Accelerator Bond is a wonderfully straightforward financial product enabling the investor to deploy part of their return from a bond towards supporting eye health programmes delivered by leading non-for-profit organisations globally.
Through an P1 existing UK property bond, investors will be empowered to deploy 4% (or more) of their 8% return towards funding best-in-class eye health programmes around the world. You, as the investor will have the opportunity to reinvest the principal in another Eye Health Accelerator Bond to continue generating impact.
Christon Burrows, CEO and Founder of P1 said “P1 prides itself on simplicity and straightforward approach to investing. We are proud to be on the forefront of delivering a simple but impactful product which truly delivers both financial and social return. The P1 Eye Health Accelerator Bond is enabling our investors to put their money to work in a powerful way, at least half their return is directly helping underserved people gain access to quality eye health, with the other half of their returns helping them achieve their other financial objectives. The linear nature of the VCF Vision bond return and the stability of being part of an already existing portfolio makes the investment ideal for cash flow planning. The predictable bi-annual coupon allows us to accurately match income with our project funding requirements. This in turn ensures that each eye health project is able to meet the objective of delivering much needed care to recipients on time and exactly when required.”
Molly and David Pyott are working with our programmes team to prioritise programmes in East Africa and support capacity-building of organisations engaged in eyeglasses distribution programmes around the world in partnership with the VCF and OneSight EssilorLuxottica. Details will be released on the VCF website in the first quarter of 2023.
Join Us
The VCF is so proud to partner with P1 Capital and have the incredible support of Molly and David to deliver essential vision services to those who need it, with simplicity and at pace. If you are interested in investing in this bond please contact us info@visioncatalystfund.org
Notes to Editors
P1 Capital:
P1 Capital are a boutique asset management business who specialise in funding investment opportunities, secured via legal charges on UK property and commercial assets. P1 believes in simplicity, conducting transactions using clear and concise language and with honesty and integrity at the heart of our business. The dedicated team have a collective 150 years’ experience in property and finance, having invested throughout numerous property cycles and using their extensive knowledge of the wider property market. P1 offers a straightforward approach to delivering strong investment opportunities that are primarily financed with capital from institutions and high net-worth investors looking for strong income and capital growth. The business invests responsibly in UK regional real estate, adopting a disciplined approach to risk management, with an emphasis on preserving capital and delivering strong, risk-adjusted returns.
The Vision Catalyst Fund:
The Vision Catalyst Fund (VCF) is a global fund that aims to raise US$1 billion to help bring vision care to over 1 billion people who have poor vision within a generation. The VCF works with governments, civil society and the private sector to develop and invest in scalable and sustainable solutions raising funds through innovative social finance.