Heart of England

Fixed Rate Unsecured Fifteen Year Bonds

21% raised
4%

Forecast
return

Investors
69
Days left
148
Raised so far
£232,896

Heart of England is a successful Community Energy organisation that has been creating clean, community-owned energy since 2017.

IFISA
Clean energy

Target
£1,100,000
Min raise
£340,000
Offer opened
19/11/2021
Closing date
30/04/2022
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Heart of England Community Energy Limited
Society no. 7232
Stratford-upon-Avon, UK
Incorporation date: 29 October 2015

Your money will…

  • Tackle climate change by supporting the continued generation of solar energy, cutting carbon emissions.

  • Help support wildlife and biodiversity in the fields around their solar arrays.

  • Support charities and projects with a positive environmental and social impact through the Community Fund profit share.

  • Earn a potential tax-free return. Investments in the bond offer target a return of 4% and are eligible to be held within an IFISA

The bigger picture

Heart of England Community Energy (HECE) is a pioneering organisation that has been bringing the benefits of community energy to the Heart of England region since 2017. They are dedicated to empowering local people and organisations by enabling them to invest in, control and benefit from local renewable energy generation.

    Each year HECE allocates money to a community fund that supports charities and projects with a positive social and environmental impact in the local area and in developing countries. Their solar arrays produce enough clean energy to power 4,500 homes per year and the areas around the arrays have been developed into wildflower meadows, encouraging biodiversity and wildlife in the area.

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. Your investment in Heart of England will:

  • Enable this extraordinary community energy organisation to continue to thrive and produce clean, solar energy by refinancing existing lending,
  • Enable their established solar arrays to continue to generate revenue, with an estimated £3.5 million going to local initiatives over the panel’s lifetime,
  • Empower local people and organisations to take control of their energy generation by creating 100% community-owned renewable energy, and
  • Support the transition to a low-carbon future for communities in the local areas.

Team

Heart of England is a successful Community Energy organisation that has been creating clean, community-owned energy since 2017.
https://www.hecommunityenergy.org/

John Stott

Chair

John is a chartered member of the Energy Institute and worked in the electricity generation industry. He is interested in finding ways of minimising climate change and renewable energy is an important part of the solution.

Susan Juned

Director

Originally trained as an ecologist, Susan gained her Masters and PhD at the University of Birmingham studying biodiversity. After a research career Susan became the Government Liaison officer for a Defra funded resource management organisation, and founded an organisation that advised and supported local government with commercial waste and sustainability pilot projects.

Kate Evans

Director

Kate is founder of Graduate Planet CIC, an awardwinning Social Enterprise recruitment agency that reinvests 100% of profit into projects that create environmental sustainability. After 26 years’ experience in the recruitment industry, Kate is using her passion for sustainability to create positive social and environmental impact within corporate supply chains and the community.

Eric Appleton

Director

Eric works in the Innovator Support Platform at the Energy Systems Catapult, helping small and medium businesses get clean energy innovations to market. He has a keen interest in digital platforms and how these can be used to unlock the potential of local energy systems. Eric has over 20 years’ experience in digital technology and telecommunications having previously held senior management positions BlackBerry, AT&T & BT.

Tony McNally

Director

Tony is the Managing Director of Climate Change Solutions Ltd (est.2003). He jointly organised the first Midlands Environmental Business Conference NEC, from which it was established and continues to date as the MEBC (Club). Tony has been invited to give a presentation on the 2030 Climate Emergency - COP 26 Leadership workshop First Division Association for senior civil servants.

Tony Guy

Director

In 2002 GMC developed the concept of an electric light commercial vehicle and with London Taxi International built three demonstrators. Tony was then a founder Director of Modec Ltd, and as Sales Director and then Operations Director established Modec as a World Class producer of Electric Vehicles. Tony was awarded the “Green Fleet Lifetime Achievement Award” in 2005 “

Dave Passingham

Director

Dave was Managing Director of a computer aided design software company. Since retiring he has been involved in running environmental and community projects in South Warwickshire. Dave has had a special interest in Community Energy Companies for the last 10 years and has investments in over 30 such companies. He has a degree in Engineering Design.

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Interest accrual and payment

Interest will accrue from the issue date of the bond and will aim to be repaid on 30 September in each calendar year beginning on 30 September 2022 up to the Repayment Date (30 September 2036).

Getting your money out

Bonds are transferable and Bondholders wishing to transfer their Bonds will be able to list them on the Ethex Secondary Market. However, there is no guarantee Bondholders will be able to find a willing buyer for their Bonds and agree a price. It may not be possible to transfer or realise the Bonds before the end of their term.
The Bonds are expected to be repaid over the 15 year term with final instalment payable on 30 September 2036. Further information on the capital repayment profile can be found on page 28 of the Offer document in the Documents tab above.

Investing on behalf of children

Applicants must be 18 years old or more. Investments cannot be made on behalf of children.

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Investments offered on the Ethex platform are not readily realisable, which means that they may be difficult to sell and you may get back less than you originally invested. Investments are not covered by the Financial Services Compensation Scheme (FSCS) and returns are not guaranteed. If you are in any doubt, you should contact an Independent Financial Adviser.

Investments offered on the Ethex platform are not readily realisable, which means that they may be difficult to sell and you may get back less than you originally invested. Investments are not covered by the Financial Services Compensation Scheme (FSCS) and returns are not guaranteed. If you are in any doubt, you should contact an Independent Financial Adviser.