Community shares
Capital at risk — please be aware of the risks associated with investing in community shares.
Awesome Energy Hydro Share Offer
Dalavich, Scotland, United Kingdom
Aim: The aim is to refinance the scheme to generate more community benefit. Including offline funds, we have now raised £113,000.
This share offer is an opportunity for you to support the generation of clean, green, renewable energy and the continued development of the local community.
The goal is to raise £500,000 to allow the Directors to restructure the existing debt to reduce the interest payments due and thereby generate more Community Benefit in the early years. It is anticipated that a small proportion of funds raised will be held in reserve against unexpected costs, such as unplanned maintenance, whilst we build up reserves for future repairs and maintenance.
We need to raise a minimum of £350,000 to clear the most expensive debt and provide a small operational buffer. All money raised will have a direct impact on the amount of money available for Community projects and enable the community to access higher levels of funding in the early years than would be possible with the current debt structure. Our goal is to raise £500,000 so that we can clear a bigger proportion of the debt.
The community has several areas it wants to improve, these include the community centre, communication /community spirit, children and young people, local environment, infrastructure and services, tourism and facilities/activities, employment and opportunity.
This project successfully funded on 24th November 2018