Small Wind Co-op

by Leila in Shrewsbury

We did it
On 22nd August 2016 we successfully raised £881,705 with 298 investors in 70 days

Co-own turbines in Wales & Scotland, & use the energy yourself at home. Get interest at 4.5-6.5% & support small farms & rural communities.

by Leila in Shrewsbury

Community fund for Wales announced

The SmallWind Co-op share offer is underway and picking up after a slow start as people turn away from Brexit to positive things they can do. We've been busy working on the details of the community funds in Scotland and Wales and can announce that the Welsh fund will initially go Llangeitho Jubilee Hall and Play Park.

Llangeitho Jubilee HallThe turbine will generate a community fund of £9,000 in its first three years of operation which will be invested by local group Grannell Community Energy in improving the Jubilee Hall and the play park.
Llangeitho Jubilee Hall was originally built in 1897 and was last refurbished in 2000. Although new central heating has been installed thanks to a Ceredigion Community Grant, the hall needs new insulation to bring it up to 21st Century standards. A wide range of committees and clubs hire the hall, ranging from the Bowling Club, to ‘Ti a Fi’ baby and toddler group, to Young Farmers. It is also widely used by local charities and other organisations for fundraising events, public debates and as the Polling Station.

 

Llangeitho play park

“The Jubilee Hall is the hub of the community and is used by local groups of all ages almost every day of the week. The building is in a state of disrepair and the Committee are constantly fundraising and applying for grants for its upkeep. After recently having new central heating installed, they found that it loses a lot of energy due to the lack of insulation underneath the hall floor and stage floor. Funds raised from the community wind turbine would make a big difference to helping keep the hall warmer, lowering heating bills and reducing carbon emissions so we hope that local people will support this exciting project and join the Cooperative.”]

Leila Sharland, Community Renewables Adviser, Sharenergy

The community fund will also be spent on re-surfacing the small Llangeitho play park and installing some new additional play equipment for children such as swings.

“Because the small Wind Coop is structured as a cooperative it will be completely owned and run by its members and ensuring that the whole community benefits from the project is at the heart of what we seek to do. We’ll be putting aside £3,000 a year, index-linked, for the 20-year lifetime of the Coop to invest in other community initiatives like the village hall and play park – over £60,000 for the lifetime of the wind turbine. And with investment starting at just £100, this is a project almost anyone locally can be part of.”

Elly Foster, Chair, Grannell Community Energy


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Levels of Investment

£100 or more

£100 Investment

COMMUNITY SHARES. By investing in community shares you get full membership of the Small Wind Co-op with a projected 6.5% annual return averaged over 20yrs, an equal vote and the ability to use the electricity generated in your own home. You can buy as few as 100 or as many as 100,000 community shares. Click here if you want to buy the minimum number of shares - 100 shares at £1 each. You can purchase more community shares by adding an additional amount to your investment on the next page.

£500 or more

£500 Investment

COMMUNITY SHARES. By investing in community shares you get full membership of the Small Wind Co-op with a projected 6.5% annual return averaged over 20yrs, an equal vote and the ability to use the electricity generated in your own home. You can buy as few as 100 or as many as 100,000 shares. Click here to buy 500 community shares at £1 each. You can purchase more community shares by adding an additional amount to your investment on the next page.

£1,000 or more

£1,000 Investment

COMMUNITY SHARES. By investing in community shares you get full membership of the Small Wind Co-op with a projected 6.5% annual return averaged over 20yrs, an equal vote and the ability to use the electricity generated in your own home. You can buy as few as 100 or as many as 100,000 community shares. Click here to buy 1000 community shares at £1 each. You can purchase more community shares by adding an additional amount to your investment on the next page.

£5,000 or more

£5,000 Investment

MOST POPULAR COMMUNITY SHARE INVESTMENT. By investing in community shares you get full membership of the Small Wind Co-op with a projected 6.5% annual return averaged over 20yrs, an equal vote and the ability to use the electricity generated in your own home. You can buy as few as 100 or as many as 100,000 community shares. Click here to buy 5000 community shares at £1 each. You can purchase more community shares by adding an additional amount to your investment on the next page.

£10,000 or more

£10,000 Investment

COMMUNITY SHARES. By investing in shares you get full membership of the Small Wind Co-op with a projected 6.5% annual return averaged over 20yrs, an equal vote and the ability to use the electricity generated in your own home. You can buy as few as 100 or as many as 100,000 community shares. Click here to buy 10,000 community shares at £1 each. You can purchase more community shares by adding an additional amount to your investment on the next page.

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