Since the launch of our offer on 1st August 2018 we have installed solar panels on 11 more schools and a children’s hospice, bringing the number of installations to 48 and 5 more schools have agreed to proceed. A further 15 schools have agreed to proceed in principle but have not yet signed contracts and we are in discussions with many more schools. As more schools commit to proceed we increase the amount we seek to raise – currently to £880,000, of which we have raised £670,000 at the date of this update.
We have extended the Share Offer closing date to 31st March 2019, but will keep this date under review as more schools agree to proceed.
Share Offer Summary
- Minimum Investment £100
- Maximum Investment £100,000
- Interest targeted to be 4.5% from the financial year starting on 1st April 2019.
Total to raise – £880,000
Closing Date : Applications will normally be accepted on a first come first served basis whilst shares are being offered.
Investments in shares of renewable energy co-operatives and community benefit societies are long term investments to deliver an environmental and social impact as well as a financial return. As with any investment there are risks. Your capital is at risk and may not be readily realisable. Returns are projected, variable, depend on performance and are not guaranteed. Consider all risks before investing. As unregulated share offers, investments do not receive the protection of the Government’s Financial Services Compensation Scheme and investors do not have recourse to the Financial Ombudsman Service.