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.
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.