Sports charity Greenwich Leisure Ltd has succeeded in raising £5m through a bond issue, it announced this week.

The charity, working with social lender Triodos Bank, announced in September that it was planning to raise the finance to develop several sports facilities including two Olympic venues, the Copper Box Arena, which launched in July 2013 and the London Aquatic Centre which re-opens to the public in March 2014.

The charity will pay 5 per cent interest per year on the bond, and will repay the initial investment after five years.

Institutional investors into the bond include the City of London Corporation Social Investment Fund, Rathbone Ethical Bond Fund and the Bank Workers Charity.

The bond was supported with a grant from the government’s Investment and Contract Readiness Fund.

GLL is a staff-run mutual which had a turnover of £123m in 2012. It currently manages more than 130 public leisure centres and libraries.