Burneside Community Energy reaches £250,000 target

20th November 2015 | Post by admin

Due to a phenomenal response, Burneside Community Energy has exceeded its target of £250,000 and is now closed to all investors.

We will be contacting all applicants / investors in the next 4 days with a decision on your application, the size of your share allocation where appropriate and whether your application was received within the first £150,000 (for SEIS) or if it was received with potential EIS eligibility.

If you have invested and either your application has been turned down (on account of prioritising local residents) or if you will be allocated less shares than you applied for, we will contact you by email or by phone by 12pm 24th November 2015 to allow you time to reinvest in other community share issues with EIS, should you wish (the Government’s deadline for eligibility is that you must receive share certificates before 30th November 2015).

Thank you to everyone who has supported this project. It demonstrates that alternative methods of local investment, community and economic benefit really work!