£40,450

£600,000 target 36 days left
6% 42 investors
Flexible funding – this project will receive all pledges made by 23rd February 2021 at 12:50pm

RCR is looking to raise £600,000 through community shares to develop two hydro schemes on the Isle of Raasay.

by Raasay Community Renewables in Isle Of Raasay, Scotland, United Kingdom

1609766692_raasay-landscape16.jpgPartner with us to build a sustainable future for the IsIe of Raasay

Situated between the Applecross peninsula and the Isle of Skye in the Inner Hebrides, the Isle of Raasay (Eilean Ratharsair in Gaelic) is home to 170 people and a rich variety of wildlife and plants. Its name means ‘Isle of the Roe Deer’.

In September 2020, the community set up Raasay Community Renewables Ltd (RCR), a Community Benefit Society (FCA registration number 8459) to develop sustainable energy infrastructure projects that will contribute to supporting the local population and environment.

We invite you to buy shares in our community owned hydro-electric generation schemes which harnesses the combined potential of two run of river hydros - the 99KW Inverarish Burn Hydro and the 38KW Mine Burn Hydro. This is a fantastic opportunity to invest in social and environmental causes and see a financial return for your support in the years to come.

Green electricity generation1609766490_raasay-landscape37.jpg - The schemes are estimated to generate, on average, 520,000kWh of electricity each year translating to annual savings of 127 tonnes of CO2 emissions.

Community Benefit Fund1609766587_raasay-landscape20.jpg - Conservative projections indicate the schemes will generate a surplus from 2024 of c£6k rising yearly to c£28k in 2031 and beyond which will support community and environmental projects.  We will work with the community to identify local uses for the electricity that we cannot export to the national grid.  Initially this will provide energy to dry wood as part of the community's ongoing wood fuel initiative, and we are looking into providing charging points for electric vehicles.

Buy shares and become a member of RCR1609766774_raasay-landscape17.jpg

We have raised over £300K in grants to support the build and we need a further £650K to bring the project to completion.  Individuals and organisations are invited to buy shares in our schemes and help us reach our target. In doing so, you will become a valued member of Raasay Community Renewables.


Membership categories:

Community Contributor Members = individuals living in the Raasay postcode area Contributor Members = individuals who live off island, or incorporated organisations regardless of location.


Investment levels:

Shares are available in increments of £25  (1 share = £25).

There is a different minimum investment for each membership category.

Minimum investment

  • £125 / 5 shares (Community Contributor Members only)
  • £375 / 15 shares (Contributor Members)

Maximum Investment

  • £65,000 / 2,600 shares (Community Contributor Members)
  • £65,000 / 2,600 shares (Contributor Members)

To make your investment, simply select the relevant investment level from the list on this page and enter your investment amount when requested to do so.

Return on Investment1609767012_raasay-landscape6.jpg - Our aim is to pay interest at 4% with the first payment made in 2024. At the current Bank of England base rate of 0.1%, the maximum interest we could pay is 3.1%. These are, however, historically low rates, and we can reasonably expect them to be higher from 2022. We aim to pay back all initial investment by 2040. RCR’s Board will seek agreement on the interest payment level and the amount of investment to be returned each year at a members’ Annual General Meeting.

The share offer document can be found at the bottom of this page, or on our website, where you can also find more information about the project:  www.raasayrenewables.co.uk 

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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 www.communityshares.org.uk

Levels of Investment

£125 or more

£125 Investment (Community Contributor Members)

This is the minimum investment amount for Community Contributor Members only (those with a Raasay postcode). Invest between £125 and £499. Shares are available in increments of £25; you can enter your chosen amount above £125 using the 'additional investment' box.

£375 or more

£375 Investment

This is the minimum investment for Contributor Members (off-island investors or incorporated organisations regardless of location). Invest between £375 and £499. Shares are available in increments of £25; you can enter your chosen amount above £375 using the 'additional investment' box.

£500 or more

£500 Investment

Invest between £500 and £999. Shares are available in increments of £25; you can select your chosen amount above £500 using the 'additional investment' box.

£1,000 or more

£1,000 Investment

Invest between £1,000 and £2,499. Shares are available in increments of £25; you can enter your chosen amount above £1,000 using the 'additional investment' box.

£2,500 or more

£2,500 Investment

Invest between £2,500 and £4,999. Shares are available in increments of £25; you can enter your chosen amount above £2,500 using the 'additional investment' box.

£5,000 or more

£5,000 Investment

Invest between £5,000 and £9,999. Shares are available in increments of £25; you can enter your chosen amount above £5,000 using the 'additional investment' box.

£10,000 or more

£10,000 Investment

Invest between £10,000 and £19,999. Shares are available in increments of £25; you can enter your chosen amount above £10,000 using the 'additional investment' box.

£20,000 or more

£20,000 Investment

Invest between £20,000 and £65,000. Shares are available in increments of £25; you can enter your chosen amount above £20,000 using the 'additional investment' box.

Let's make 'Raasay Community Hydro' happen

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