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BHESCo

Governance and people

BHESCo is a social enterprise which is owned by and managed for the benefit of its members.

As a consumer co-operative, they remain accountable to customers after the project installation, because all of their customers become members and have a say in their governance.

Governance

BHESCo is bound by thier Rules to act for the benefit of the communities in which they operate. There is a one-member-one-vote rule irrespective of size of shareholding, and as a member you can get further involved through member meetings, joining working groups and standing for election to the Board.

Surplus profits are used to fund further community projects. The Rules prevent the sale of assets to commercial organisations should BHESCo be wound up.

Their constitution is in the form of rules which are registered and approved by the Financial Conduct Authority.

BHESCo creates local benefits from local projects, retaining money in local economies. Their focus is on bringing ownership, control, and benefit into local hands. This is a fundamentally different way of doing business on energy, as seen in the highly successful and well established model of community-owned energy businesses elsewhere in Europe.

The full rules of the Society are available here.

Annual General Meeting

The Annual General Meeting, which all investors are entitled to attend, is in September each year and distributing interest earned shortly afterwards.

Management

The projects are being led by a Board of Directors which has a strong track record in community engagement, renewable energy and energy efficiency project development as well as legal, financial and operational management skills.

The management team believes that, in order to be financially sustainable and spread risk, the Co-operative must deliver a range of services with varying profit margins. The Co-operative’s intention is to pursue development of 750kW of electricity generating capacity and 450kW of heat generating capacity in the next four years. The Co-operative intends to operate primarily on a local basis. Their ambition is to facilitate the installation of sufficient local generation capacity to establish Britain’s first community owned micro-grid in Brighton & Hove.

Diversity

Female directors: 50% (three of the six directors)

Employee satisfaction

The Society does not report on employee satisfaction.

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