Triodos Crowdfunding has closed. In early September 2026 Triodos Bank UK moved all accounts and investments to Ethex, a not-for-profit UK impact investment platform. Existing investors now manage their investments with Ethex, which took over all accounts in September 2026. Payments sent to the old Triodos standing order details after 8 September 2026 are returned. From 2018 the platform was run by Triodos Bank UK Limited, a UK bank owned by Triodos Bank N.V. of the Netherlands. Investors bought bonds, and sometimes shares, issued by UK charities, social enterprises and renewable-energy companies. The homepage showed £212 million raised in 94 offers for 57 organisations (August 2026, undated).
Each offer was a bond, usually unsecured, issued directly by the organisation, typically for 5 to 8 years. Advertised interest ranged from 4% to 8.25% a year, from £25 or £50. Most bonds could be held in the Triodos Innovative Finance ISA. There was no market to sell early: investors were locked in until the organisation repaid. The last new offer closed in April 2026. Existing holdings now sit on Ethex with the same terms. Interest rates, repayment dates and share rights are unchanged, and Ethex now processes repayments.
UK charities, social enterprises and green businesses that fit Triodos Bank's lending mandate, raising roughly £250,000 to £10 million. Triodos Bank UK's own team checked and structured each offer, and it keeps doing so for new offers, which now appear on Ethex. In at least two offers Triodos Bank was also a senior lender to the same organisation, to be repaid before bondholders.
Investors paid no fees. Ethex says the move brings no charges and no change to the fees on existing investments. Organisations paid Triodos a fee on the money raised; the rate was never published.
Your whole investment was lent to, or invested in, the organisation; its fee to Triodos came out of its own funds. The question that matters now is whether the organisation pays you back. Two of the 57 organisations failed: HISBE Food CIC and Sarah Raven's Kitchen & Garden Ltd.
Several bonds were repaid in full, including Stroud Brewery and Animal Trust (November 2025) and Bristol Wood Recycling Project (April 2025). Triodos never published a default rate, a loss rate or how much investors recovered.
Closed; accounts moved to Ethex in September 2026. Triodos Bank UK Limited was authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (firm reference 817008). Ethex is not authorised by the Financial Conduct Authority; it works under an exemption. ShareIn Ltd (firm reference 603332) is now the manager of the Innovative Finance ISA. The bonds were never covered by the Financial Services Compensation Scheme, and the Financial Ombudsman Service cannot consider complaints about Ethex.
We no longer rate Triodos Crowdfunding because it has closed and takes no new money; holdings and new offers are now on Ethex, which we review separately. If you hold bonds: log in to Ethex with the email used for Triodos, add your bank details, and cancel any old Triodos standing orders. Keep in mind that a bond arranged by a bank is not a bank deposit: if the organisation fails, no scheme pays you back.
License / Regulation: Closed in September 2026. It was run by Triodos Bank UK Limited, authorised by the Prudential Regulation Authority and regulated by the FCA and PRA (firm reference 817008). Holdings are now on Ethex, which is exempt from FCA authorisation; ShareIn Ltd (FCA firm reference 603332) manages the Innovative Finance ISA. No compensation scheme covers the bonds.
It closed in early September 2026. Triodos Bank UK moved all accounts and investments to Ethex, a not-for-profit impact investment platform. Your bonds and shares keep the same interest rates, repayment dates and rights; Ethex now processes repayments. If you invested through Triodos, go to Ethex to manage your investments: it took over all accounts in September 2026. Triodos Bank UK still arranges new offers, which now appear on Ethex.
Log in at Ethex with the email linked to your Triodos account, resetting your password if you are new to Ethex, and accept its terms. Add your bank details before withdrawing, because they did not transfer. Cancel any Triodos top-up standing orders: payments to the old details after 8 September 2026 are returned. If you hold an Innovative Finance ISA, its manager is now ShareIn Ltd. For two accounts or a tax statement, contact Ethex's help team.
No. The bonds were not covered by the Financial Services Compensation Scheme when Triodos ran the platform, and they are not now. If an organisation fails, you rank as an unsecured creditor and get back only what is left after secured lenders and preferential creditors, which may be nothing. The Financial Ombudsman Service cannot consider complaints about Ethex.
The company went into administration in summer 2025, and its business was sold to a new company linked to its directors. Since February 2026 the old company, now Project Saxton Realisations Ltd, has been in liquidation. 538 people hold the bonds, with about £1.06 million of claims. The secured bank lender and a £978,000 tax claim rank ahead of bondholders. The administrators said in February 2026 that it is uncertain whether bondholders will receive anything. Any payment will come from the liquidators, not from Triodos or Ethex.
Investors paid no fees on Triodos, and Ethex says the move changes nothing in the fees on existing investments. Organisations paid Triodos a fee on the money raised, at a rate never published.
All of it was lent to, or invested in, the organisation. What matters is whether the organisation repays: most have repaid or are paying as agreed, but HISBE (2024) and Sarah Raven (2025) failed.
Yes, if the organisation pays. Bonds advertised 4% to 8.25% a year, paid as interest until repayment after 5 to 8 years. Triodos never published what investors actually earned after the two failures.
Usually not. There was never a market to sell Triodos bonds, and investors are normally locked in until the organisation repays. A private sale needs a willing buyer you find yourself.
