Staffordshire Sunny Schools Invitation

There is  a new  renewable energy share offer by Gen Community for investing in solar energy for twenty five Schools in Staffordshire. One of our Ecodynamic values is ‘co-operation amongst co-operatives’ and although we take care  not to overload members, we feel a few  share  offers might be of interest to our members. Also, several energy co-ops helped circulate our orignal Croft West Ecodynamic share offer in a similar spirit of co-operation.

For transparency, Martin Large and James Mansfield, whilst serving as  Ecodynamic Directors,  are  also founding Directors of  Gen Community.

This is an invitation to potential members of Gen Community’s latest community share offer,  Staffordshire Sunny Schools. This is Gen Community’s second project after Newport Solar which supported homes in fuel poverty in Wales.  Gen Community is a mutually owned social enterprise and raises capital from members by offering a fair financial return, in addition to social and environmental impacts.

The Staffordshire Sunny Schools project aims to install solar PV on 25 schools and will have an immediate impact on 15,000 children, saving schools across Staffordshire over £90,000 per annum. In a time of energy price rises and strains on public services this really is power from the people!  Gen Community is working with a local community benefit society Southern Staffordshire Community Energy to deliver the community fund projected at £170,000 – £350,000 over the project lifetime.  This is the largest community funded schools project to date in the UK, with a target capacity of 1MWp.

Three of the schools have been installed and the share offer targeting £880,000 closes on 24/2/2014,  £200,000 has been secured from Pureleapfrog as a loan on top of the share offer to fund the total requirement of £1.08m. The share offer can be downloaded at: http://www.gen-community.co.uk/share_offer/
Shares are offered with a projected RPI index linked return of 6.91% IRR and the share offer has been granted EIS status from HMRC, boosting the projected return to 10.48% IRR with EIS relief.

For more information please visit http://www.gen-community.co.uk/new-offers/ or contact James Mansfield on james@gen-community.co.uk mobile: 07747335841

Leave a Reply

Your email address will not be published. Required fields are marked *