Burneside Community Energy- Phase 2
In 2015, Burneside Community Energy successfully raised half a million pounds from local shareholders to install 250kW of solar PV on the roof of James Cropper plc. That system has been running above expectation and as a community benefit society, to date the organisation has earmarked £5,000 for local projects.
In November 2018 the organisation closed their second share issue for another installation of solar PV, again in partnership with James Cropper plc. They raised £330,000, by offering further shares, which they anticipate will generate annual interest of over 4.5%.
In addition to being an attractive investment opportunity, the scheme reduces CO2 emissions and generates vital funds to support local projects.
Cumbria Action for Sustainability (CAfS) administered the second share offer on behalf of BCE, with Community Energy Cumbria supporting the company by hosting the share issue on their website.
Please note that neither CAfS nor Community Energy Cumbria are involved in the day to day management of the Burneside schemes.
The full share offer documents are below.
Click here to see the FCA Rules of Burneside Community Energy.
In order for your application to be accepted, please make sure you send us:
- Your completed application form for either an individual or an organisation
- Payment by our preferred method of BACS or cheque
- Bank details for payment of share interest (or return of share application payment)
- Nomination of shares on death.