Thank you! Community Energy Fund reaches almost £700,000
We’d like to offer a huge thank you to everyone who invested in the Community Energy Fund and showed their support for community-owned energy. By investing in the Fund, you are helping us to deliver:
- Local action on the global crisis of climate change
- Lower energy bills for schools and organisations
- Long-term funding to support further carbon-cutting activity in our community
- Flexible funding to seize new opportunities as they arise.
We are currently working with Ethex on the approval process for investment and everyone who applied for shares will hear from us by the end of August.
In response to investor feedback, this Fund operates slightly differently to previous share offers as our investors start earning interest from the day their investment is accepted by the Low Carbon Hub. There is also a withdrawal mechanism in place for those who need to apply to withdraw their capital.
Missed this deadline?
The Community Energy Fund will open up for new investment each year, providing a regular opportunity to increase your support of community energy. So, if you missed this chance to invest, don’t worry, as there will be more opportunities!
During this first round of investment we’ve had interest from a number of institutions who are interested in making investments later in the year. To accommodate this, plus any other individual investors who missed this deadline, we’ll have a second deadline of 31 October 2018.
Following this, we anticipate the next major round of investment will be in January 2019.
Stay up-to-date on Fund deadlines by signing up to our newsletter.
Ours is a people-centered movement and it is through the support of investors, communities and partners that we are able to achieve so much. We are looking forward to embarking on this next stage of our activity!