Frome Renewable Energy Co-op launched its first community shares in May 2015 and raised £280,000 in just four days! We have more projects in the pipeline so do get in touch if you’d like to find out more.
Through investing you will:
• Support local clean energy production: cutting carbon and helping to increase Frome’s resilience in the face of rising energy prices
• Get a fair return on investment: we aim to pay investors a 7% return. Similar schemes in Bath and elsewhere have achieved this. We are also applying for tax relief under the Enterprise Investment Scheme which enables investors to reclaim 30% of their investment.
• Support a local community fund to reinvest surplus profits into local low carbon projects
• Be in safe hands: the project is being managed by experienced local Directors in partnership with Bath and West Community Energy (BWCE) who have a strong track record in energy generation, successful business management and community involvement.
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