Click on the “Find Out More” link. This will take you to a separate website called MicroGenius. Please note that you can create any username on this site - it will appear in their Funders List so feel free to choose a username that keeps you anonymous to everybody else if you would prefer.
Return by post or deliver to Chris Morgan, Treasurer (address here and on the forms)
The purchase of shares and membership of SCR is open to individuals, corporate bodies, voluntary organisations and public sector investors.
Shares are payable in full on application. We will acknowledge receipt of your cheque and application and may cash your cheque as soon as it is received.
If we have received more money for this offer than we need, we may decide to issue you with fewer shares than you applied for. In this event, we will return the balance to you within 28 days of the Board of Directors meeting. Priority will be given to people living in Sunart and then Moidart, Ardnamurchan, Ardgour and Morvern.
The share offer document outlines the process in full, including what will happen if we do not raise sufficient funds to proceed with the hydro scheme.
Will the value of my shares increase?
The value of shares in Sunart Community Renewables will not increase, but may reduce if liabilities exceed assets.
You cannot cash in your shares during the first three years following the scheme starting to sell electricity. After this date you can apply to withdraw capital, but must give 3 months' notice, and the decision is entirely at the Board's discretion although we will consider all requests sympathetically. Further details will be available in the share offer document. However, we urge potential investors to view a stake in Sunart Community Renewables as a long term investment, and only to invest funds if they are able to make a long-term commitment to supporting the project.
The small print
Each share in Sunart Community Renewables (SCR) has a nominal value of £50.
The minimum shareholding for an individual is £300.
Shares have to remain invested for at least 3 years (plus 3 months' notice) after SCR starts trading (by selling electricity).
Shares in Sunart Community Renewables are not transferable in the way that shares in BT are, for example. They are termed 'withdrawable' shares - only the issuer, Sunart Community Renewables, can buy them.
Shares in Sunart Community Renewables will never go up in value but can have their value reduced to zero if Sunart Community Renewables fails.
Sunart Community Renewables will buy shares back at the discretion of the Board which will make decisions based on the financial situation.
You can no longer buy shares in Sunart Community Renewables.
We have kept this part of the website as it provides useful background information, especially if you’re here from another community enterprise.