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OVESCO
Renewable Energy - Withdrawable Shares
Forecast
return
OVESCO is installing solar panels for three organisations that matter deeply to their community: a disability charity, an animal welfare centre, and a family farm, reducing their bills and cutting carbon for the next quarter-century.
- Where your money goes
- Team
- Documents
- Updates
Updates
No updates.
OVESCO
Registration Number: 30875R
East Sussex, UK
Your money will…
Reduce carbon emissions by funding the installation of solar PV at three vital community organisations
Significantly cut energy bills at the three sites and reduce dependence on grid power
Nearly double OVESCO's existing community-owned solar capacity
Earn a target return of 5% per year from 2028
The bigger picture
OVESCO was founded in 2007 by local people in Lewes who believed communities should control where their energy comes from and how the benefits are shared. Since then, across fifteen rooftop installations on schools, community buildings and businesses in East Sussex, OVESCO has:
- Raised £490,000 of community investment
- Installed 230kWp of solar capacity
- Helped avoid an estimated 1,446 tCO2e
- Helped save an estimated £14,590 annually on energy bills
- Saved 13.5 tonnes CO2e through free energy-saving kits and small measures.
What your money will do
Your investment directly funds the procurement and installation of 207kWp of solar PV capacity across three East Sussex sites: The Bevern Trust in Barcombe, a disability charity and significant local employer; Raystede Centre for Animal Welfare with 65,000 annual visitors; and Holmansbridge Farm near Barcombe, that feeds and connects its rural community.
- Saving an estimated 1,123 tonnes of CO2 over the 25-year lifetime of the arrays
- Helping these organisations significantly save on their energy bills while cutting their carbon footprint
- Replace the short-term bridge finance that got these projects started, turning early-stage loans into long-term community ownership.
Team
Meet the OVESCO board: https://ovesco.co.uk/our-team/
Julie Salmon
Director
Julie is a Chartered Tax Adviser with over 25 years experience advising multinational companies on governance and compliance. She has a Postgraduate Diploma in Renewable Energy in the Built Environment and she served as a director of Orchard Community Energy Ltd from 2015 to 2022.
Paul Bellack
Director
Paul spent many years as an investment fund manager before co-founding the Ethical Property Company, now one of the UK's largest social businesses, and continues as a non-executive director of Ethical Property Europe. Paul sits on the Board for both OVESCO Ltd and OVESCO CIC.
Nick Owens
Director
Nick is a chartered accountant and former management consultant, is Treasurer of HKD Energy, a fellow community benefit society serving Hassocks, Hurstpierpoint, Keymer and Ditchling.
Dr Graham Bickler
Board
Graham is a former Director of Public Health for East Sussex and Brighton & Hove, brings senior experience from the Department of Health, the Health Protection Agency and Public Health England.
Nick Rouse
Secretary
Nick is an electrical and electronic engineer with over 30 years in the industry, including as Chief Engineer at Telcon Ltd developing current and energy sensors used across the renewable energy sector worldwide. He is also a director of Meadow Blue Commu nity Energy. Nick sits on the Board for both OVESCO Ltd and OVESCO CIC.
Sam Clutton
Head of Finance & Business Systems
Sam is responsible for the management of Low Carbon Hub’s
finances and investor relationships.
Robin Maxe
Chief Operations Officer
Craig Pennington
Chief Strategy Officer
Craig has over 30 years’ experience in investment, as a portfolio manager in the City, as co-founder of a family business, head of social investment for the Francis Scott Trust and most recently at one of Salad’s investors - Fair4All Finance. There he was responsible for managing investments and partnering with mainstream finance with the aim of attracting investment capital to community finance providers. Craig has wide-ranging experience in social investment, business strategy, finance & accounting, analysis and of running businesses and charities.
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Interest accrual and payment
The target first payment will be made in Q4 2028 for the calander year 2028, then annually thereafter. No interest will accrue or be paid for 2026 and 2027. This interest free period will help create a cashflow reserve.
Getting your money out
Our aim is to start repaying capital from year end 2030, with full repayment by 2051. Share withdrawals may be requested from year end 2030, subject to Board approval and available funds.
Investing on behalf of children
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Ethex is proud to have received the following awards
Ethical Consumer Best Buy
Winner, Community Energy awards 2025
Winner, Fintech awards 2025
Winner, EDIE awards 2026
Shortlisted - national sustainability awards
2026 changemakers of the year