Norwich City Under-23s and Academy is the youth organisation run by Norwich City F.C.. The team is made up of under-23 and academy players and is effectively Norwich City's second-string side, but is limited to three outfield players and one goalkeeper over the age of 23 per game following the introduction of new regulations from the 2012–13 season.[1] The under-18 players among other younger age groups make up the academy team. In March 2018, Norwich City F.C. announced a public mini-bond investment scheme, through sports investment platform Tifosy, with the aim of raising £3,500,000 towards developing new academy facilities[2]. Funds from more than 700 fans and investors exceeded the £3,500,000 target and reached the £5,000,000 limit through a five-year bond scheme[3], called the Canaries bond, and sold out before it could be made publicly available[4]. With the money, the club has already installed new pitches at its Category 1 Academy, as well as a new irrigation system, cameras for analysis and floodlights. The club has already started work on a new main building, which will house a new gym, classrooms, physios room, changing rooms and offices, and is due to be completed this summer and has just had a roof put on. A stand will also be installed next to the main Academy pitch.[5]
