The Low Carbon Hub has just launched its 2014 community share offer to raise £1.5 million investment into its first wave of renewable energy schemes for Oxfordshire. This will fund 1MW of solar PV installations on 18 schools (like Larkrise Primary in East Oxford – above) and a number of local businesses across the county. The sale of shares in local renewable energy projects will mean that they will be 100% community-owned, putting local power in the hands of local people.
The Low Carbon Hub is both a commercial venture and a community-based organisation which is raising millions of pounds to put renewable energy generating assets (many of which are already constructed and are generating commercial returns) into community ownership via a share issue. We are interested in large or small applications (largest £100,000, smallest £250). We aim to raise about £1.5million in this issue, and so far have applications for about £500,000 a couple of weeks into the offer period. More details of the offer are available at www.lowcarbonhub.org/invest where you can invest online if you prefer, download the share offer document etc. Investors will receive an average return of 5% or up to 8.2% for those eligible for tax relief via the Enterprise Investment Scheme (EIS).
There are a number of informal gatherings in Oxfordshire over the next month or so which are intended to provide opportunities for face-to-face briefings about the Low Carbon Hub, our exciting plans for a step-change in the level of renewable energy generation in Oxfordshire and, of course, our share offer (which closes on 28th November).
The views expressed in our blog are those of the author and not necessarily lowimpact.org's