Monthly Archives: February 2013

22 March, not 28th February , is the Closing Date of the Ecodynamic Share Offer

Tony has inquired if the closing date is the 28th February or the 22nd March. The small leaflet stated 22nd February, incorrectly. The closing date is the 22nd March.

So far, we have had investment and promises of around £90,000-£100,000, which is very positive. The Biodynamic Land Trust  (also a community benefit society) will invest up to £100,000 so that makes £200,000.

So we have £150,000 still to raise! Please tell your friends and pas the information on..for which many thanks. And phone Martin up if you have questions…..07765 006829

Ecodynamic Launch at Stroud Brewery-fermenting a local renewable energy revolution!

Fermenting a local community investment revolution

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Ecodynamic Community Benefit Society launched its founding Share Offer at 2pm on Friday 25th January at Stroud Brewery. 25 people attended and several people made significant expressions of interest in investing. Said Greg Pilley of Stroud Brewery, ‘Just as many people invested in the Stroud Brewery startup, so I will invest in Ecodynamic for generating renewable energy and for community reinvestment.’

Jamie Mansfield said that the Offer will enable Ecodynamic to purchase and run a new 55KW Endurance wind turbine near Redruth, Cornwall, and reward investor members with social, environmental and fair financial returns. Any surplus will be reinvested in renewable energy, biodynamic, organic and sustainable food projects.

Why found Ecodynamic ? Faced by the challenges of the current environmental and financial  crises,  Martin Large said people are asking, ‘How can I invest ethically and sustainably? How can I invest directly into projects that I support – rather than into the global financial casino? How can I get a fair return for my savings when banks pay such low interest?  These challenges, not just that ‘the lights may go out’,  led the directors of Ecodynamic to look for  co-operative energy solutions that will help build a low carbon, social economy –  one project at a time.

‘Ecodynamic offers the  potent combination of both investing savings with interest  in a community  project, backed by  the government’s Feed in Tariff ,  and also reinvesting any surplus income  into other community food, energy and land projects,’

The  founding team of directors  has relevant experience of  business, co-ops,  renewable energy, farming,  banking and administration. Ecodynamic is guided  by the seven co-op  principles: voluntary membership, democracy, economic inclusion, independence, education, cooperation and concern for community. The vision is to help create a ‘co-operative turn’ towards a sustainable social economy. So, unlike many private,  for profit renewable energy companies, Ecodynamic will reinvest surpluses in the community.

Ecodynamic is seeking to raise a maximum of £350,000 in the inaugural share offer to finance the Redruth  wind turbine project in Cornwall.  Ecodynamic will be offering shares with a projected annual return of 3% rising to 5% after year three. The project is applying for  EIS status, which if successful will provide income tax payers 30% relief in year one. The share offer opens on 25th January and closes on February 28th 2013.

‘Ecodynamic will enable the biodynamic, organic, low-carbon community to generate renewable energy, and to reinvest the surplus in grassroots projects and land access. This investment will provide environmental and social benefits  with government backed, fair financial returns for member investors while significantly contributing to a co-operative social economy’  Robin Evans, chair, Ecodynamic

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For PDF of Presentation, see: EcodynamicLaunchPresentation_25_1_2013