Building renewable energy projects is an expensive business, and we expect to invest millions of pounds in Carmarthenshire in pursuit of our aims. While we expect to win some grants, and to access both private investment and traditional bank finance, we aim to raise as much of this money as possible through share offers. We will seek FSA (Financial Services Authority) approval for all share offers, and for endorsement of their eligibility under the Enterprise Investment Scheme. This will offer the following benefits:
There will be a minimum shareholding, to be confirmed, and the maximum investment under share offers is set at £20,000. Please contact us if you want to explore investing a larger sum.
Every share offer will have its own documents detailing the terms of that share offer, and accompanied by details of the scheme to be financed.
We are also exploring ways to work with the Credit Union sector, to create savings accounts that help people to set aside the minimum investment, ensuring that as many people as possible are included in the opportunity to own part of their local renewable energy scheme. Watch this space…