You will be contributing to the reduction in global dependence upon fossil fuels. There is an ambitious national target to have 100% of our electricity green by 2020. It will take a lot more than this project to get there but every little helps.
You will be a member of a Community Benefit Society: established for the benefit of the community, and contributing to the development and sustainability of that community.
There is, of course, a financial benefit. A Community Benefit Society can pay members interest on their shareholding.
Sunart Community Renewables anticipates paying an average of 4% per annum, accruing from the start of electricity generation in November 2015
Additionally it is possible to apply for 30% of your investment to be refunded by Her Majesty's Revenue & Customs under the Enterprise Investment Scheme (EIS). Sunart Community Renewables has received 'Advance Assurance' from HMRC that our investors will qualify for this tax relief.
By buying shares you have a chance to support this exciting project which will generate funds for the community and help promote renewable energy.
While the investment is primarily a social investment in the community and its environment, investors can expect a reasonable rate of return on their investment. The level of interest will be set by the board of Sunart Community Renewables annually. The maximum level of interest is limited to 2% over the Co-operative Bank's base rate or 5%, whichever is the higher.