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John Cleveland College Community Woodheat Co-operative is aiming to raise £530,000 in debt and equity to be the UK's first biomass school co-operative.
The co-operative will provide renewable heat and affordable warmth to a school through the installation of a state-of-the-art woodchip boiler system. Situated just 12 miles from the National Forest, the project will support the growth of a local, sustainable, woodfuel economy by purchasing local wood. It will also support further local climate change initiatives. Read more
The Society is newly established and has not yet traded. It is currently conducting its first share issue. It forecasts the returns to investors below.
5.39% - 9.55%
Depending on performance
The co-operative will reduce carbon emissions of a school, generate funds for further local low-carbon initiatives and support a local woodfuel economy.
The co-operative will directly benefit both the school, through lower heating bills, and the local community.
The co-operative will generate funds to support the education and action of pupils, staff and the wider community on renewable energy, sustainability and climate change.
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