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Energise Barnsley
Unsecured Five Year Bonds
Forecast
return
Energise Barnsley is a Community Energy Project that’s successfully tackling climate change and fuel poverty while building a stronger community.
Match Funded
Win Win
Starting from 04-11-21 the next £100,000 of investment will be matched on a £ for £ basis thanks to a match funding investment from CO2 Sense.
- Where your money goes
- Team
- Documents
- Updates
Updates
Extension to the closing date of the bond offer
29th October 2021
The Energise Barnsley Board is very pleased with the
investment response to the Series II Solar Bond on the Ethex platform.
The board has decided to extend the offer for the period
covering COP26 and close it on the 15th November 2021. This will not affect any
proposed interest payments in the Series II bonds, as these will accrue from
the 29th October and all applications to date will be honoured in full.
The reason for extending the offer period is to try and
reach our maximum target amount of £1.75 million in order that our senior
lender, Charity Bank, is refinanced in full at the first attempt.
Please contact Andy andy.energisebarnsley@gmail.com if you have any further enquiries.
Note on the amount raised
5th October 2021
The current total displayed on the profile includes £876,400 raised by Energise Barnsley from their existing investors who are electing to roll over (and in some cases increase) their original bond investment.
Energise Barnsley
Society no. 7180
Barnsley, UK
Incorporation date: 30 July 2015
Your money will…
Tackle climate change by enabling Energise Barnsley to reduce carbon emissions in the Barnsley area through rooftop solar and smart battery installation.
Reduce levels of fuel poverty in the area, particularly among elderly residents, by cutting energy bills.
Support vital community initiatives through the Community Energy Fund, funded by profits from the generation of renewable electricity.
Earn a potential return. Investments in the bond offer target a return of 4%.
The bigger picture
In order for the UK to meet net-zero targets, we need to significantly increase renewable energy production. Energise Barnsley is an established community rooftop solar project that has installed solar panels on 100’s of council-owned properties in the Barnsley area, including over 320 council homes.
As well as generating clean, renewable energy for the area the project (the largest joint local authority and community energy project in the UK) has a huge social impact too. Residents and local businesses enjoy cheaper energy bills as a result and 100% of the profits created from the energy generation are funneled back into the community via the Community Energy Fund. To date the project has:
- Generated over 5,513MWhs of clean energy, saving 2,922+ tonnes of CO2,
- Created over £278,844 of collective savings for tenants on their electricity bills,
- Installed 150 smart batteries, generating an additional £300,000 in energy bill savings,
- Generated over £79,000 surplus income to fund community initiatives.
Where your money goes
It’s your money so it follows that you want to know where it goes and what kind of impact you’re making. Energise Barnsley will use your investment to;
- Ensure the project continues with a significant share of community ownership by refinancing existing lending.
- Continue to generate clean electricity and contribute towards the UK net-zero targets.
- Help to ensure local residents and businesses continue to benefit from lower energy bills, tackling the issue of fuel poverty in the area.
- Educate more local people and businesses on the benefits of renewable energy generation and help fund new community initiatives.
Team
Energise Barnsley is a Community Energy Project that’s successfully tackling climate change and fuel poverty while building a stronger community.
www.energisebarnsley.co.uk
Wendy Lowder
Director
Andy Heald
Director
Andy is the co founder of Generation Community and Generation Community Ventures and has been working in community energy since 2010. He holds an MSc Energy, Environmental Technology & Economics (Merit) from City University, London, a Securities Diploma and a BA Hons Political Theory & Economics (1993) from Liverpool University.
Jeremy Sykes
Director
Jeremy originates from Barnsley and worked for the Council for 40 years. A Chartered Water & Environmental Manager and Chartered Environmentalist he is passionate about reducing energy usage and installing low carbon technologies in buildings. Jeremy has track record in the successful delivery of sustainable and renewable energy projects across the borough, which contributed to the Council winning the prestigious Ashden Award in 2006.
Elaine Marsh
Director
Elaine is a senior citizen and retired NHS secretary. Elaine has been a community champion and involved tenant with Berneslai Homes since it’s inception. Elaine has taken a keen interest in Energise Barnsley and was fortunate to have both solar panels and the battery installed, which in turn Elaine has helped to promote by use of social media, radio and press, including a live Australian radio talk show. Elaine is also involved with Penistone Oxspring community, PACT, Church, WI and Pop In club
David Malsom
Director
David is the Group Leader for Sustainability and Climate Change within Barnsley Council, previously he has worked in similar leadership roles for Housing Associations and third sector groups. He also has 20 years’ experience of financial services working in retail and treasury roles.
John Townend
Director
John is retired and lives in Carlton where he is secretary of the Carlton Village Community Group. John has been a volunteer board member for over 10 years at Berneslai Homes locally and national board member of TAROE (Tenants and Residents Organisation of England).
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Interest accrual and payment
Bonds will start accruing interest from the date of issue and interest will be paid annually on and from 31st October 2022.
Getting your money out
These bonds are transferable but are not listed on any investment exchange. Investors will not be able to withdraw their investment until the end of the term of the bond. At the end of the 5 year term Investors in this bond will be given the opportunity of refinancing their investment through 2 subsequent 5 year bond issuances, or request repayment of their investment in full (See page 17 of the Offer Document for further details).
Investing on behalf of children
Applicants must be 18 years old or more. Bonds can be bought on behalf of minors, and their details can be entered online at the end of the investment process.
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