Buy shares in GMCR to fund solar panels on up to 3 schools in Irlam & Salford and The Fuse in Partington, helping them save money & carbon.
by Kate (GMCR) in Greater Manchester
£186,000 is our optimum target. This will fund the installation of solar panels on Fiddlers Lane Primary School in Irlam. We don't want them to miss out!
Please read the Share Offer for more details.
GMCR was founded by a group of passionate volunteers with the vision of bringing the benefits of community-owned renewable energy to Greater Manchester.
GMCR is planning to install solar panels at Irlam Primary School, Primrose Hill Primary School in Salford, and The Fuse in Partington and help Moss Community Energy to install solar panels at Fiddlers Lane Primary School in Irlam.
These sites will receive electricity from the panels at a 25% discount compared to their existing supplier. Each site will also receive educational support to help pupils and members of the community learn about energy and climate change.
A proportion of the Society's surpluses will be made available for community projects relating to climate change, energy efficiency and environmental education via our Community Fund.
We estimate that this will generate:
110,000 kWh of clean, green electricity in the first year saving approximately 50 tonnes carbon dioxide equivalent
energy bill savings for the sites and educational support to help children learn about where energy comes from and its impact on the environment
a Community Fund of £61,000 over the life of the project
This share offer has an optimum target of £186,000 and a minimum of £140,000 required for the project to proceed. (On Crowdfunder, £140,000 will be the 'initial' target and £186,000 will be the 'stretch' target. ) You can invest a minimum of £100 and a maximum of £20,000.
Buying shares means you'll become a member of GMCR and receive share interest payments, subject to the financial performance of the Society. The projected interest rate is 3.5% in 2018, rising incrementally to 5% by 2024.
Members are entitled to receive the Society's annual accounts, vote at General Meetings, and stand for election to the Board of Directors.
This share offer meets the Community Shares Standard. The Community Shares Standard Mark is awarded by the Community Shares Unit to offers that meet national standards of good practice.
For more information about community shares, the Community Shares Standard Mark and the Community Shares Unit go to: communityshares.org.uk
The Directors of GMCR are Ali Abbas, Dave Cullen, Kate Eldridge, Andy Fewings and Andy Hunt and our credentials are set out in Section 7 of the Share Offer.
Please download and read our Share Offer, in particular the Risks and the Terms and Conditions, and our Rules.
By applying for shares, you confirm that you have read the Offer Document and that you accept the Terms and Conditions and to be bound by the GMCR Rules.
Risk Warning: Funding pitches through Crowdfunder.co.uk carries some risk. There is no guarantee for members making donations that any reward offered will be delivered. Equally, when members invest in community shares the capital they invest is at risk and they may not get back what they put in. Rewards based crowdfunding and the sale of community shares are not regulated by the Financial Conduct Authority, nor covered by the Financial Services Compensation Scheme. Click here to read more about the risks.