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JCC Community Woodheat Co-op - NOW FULLY SUBSCRIBED

Please note that this information is no longer updated and is for reference purposes only.

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.

Woodheat - What they do

What they do

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

Financial performance

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.


First dividend forecast

1st January 2016

2.9%

Forecast return

Over 20 years (before EIS)

5.39% - 9.55%

Depending on performance

Social 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.


  • Key social performance indicator

    250 tonnes a year

    of carbon dioxide saved

Governance and people

Who benefits

The co-operative will directly benefit both the school, through lower heating bills, and the local community.


  • Establishing a Community Benefit Fund

    Establishing a Community Benefit Fund

    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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