Around September, the Council will likely launch a small-scale CMI product for small investors. The council typically borrows money to invest in medium- to long-term capital programmes. This CMI product will open a savings opportunity for local residents and businesses, over, say, a five-year period, with interest payable and the full amount invested repaid at the end of term. The minimum investment may be of the order of £5 or £10. The target may be to raise around £1m. The funds will be invested in the likes of nature recovery, climate adaptation, decarbonisation, tree planting and ‘healthy street’ improvement schemes across the city. The full undertaking to repay the sums borrowed will rest with City of Edinburgh Council.