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Sheriffhales Community Energy Ltd runs an established 3.2MW community-owned solar array that provides clean energy while funding local community initiatives in Shropshire.
29th July 2022
Please see the attached update from the business pertaining to the terms and close date of the Sheriffhales Community Energy bond offer:
Attached Files:
Sheriffhales Bond Offer Update 290722.pdf
31st May 2022
Please see the following update from the business. A letter containing this information has also been attached under the Documents tab.
The
Sheriffhales Community Energy Limited bond offer was launched in March 2022. The
bond offer has raised nearly £300,000 towards the £925,000 target and we have
made good progress with Triodos bank to secure a loan which will be drawn down
at the same time as the bond capital to complete the capital structure . The
team are now working towards completion of the bank loan process and close of
the bond offer by 31st July 2022. The Directors are extending the
Sheriffhales Community Energy bond offer until the end of July 2022 to allow
time for the bank loan process to be completed and further time to complete the
bond raise.
The Directors have made a commitment to
investors who applied and paid for bonds by 31st May 2022 that if
the bond offer reaches the target and closes, interest will accrue from 1st
June 2022 on amounts invested prior to that date.
Sheriffhales Community Energy Limited
Society no. 7225
Sheriffhales, UK
Incorporation date: 19 October 2015
Take action against the climate crisis by supporting the continued generation of clean solar energy, cutting carbon emissions.
Help Sheriffhales Community Energy to protect local wildlife and biodiversity in the land around their solar array.
Support vital local projects with a positive environmental and social impact through their Community Benefit Fund.
Earn a potential tax-free return. Investments in the bond offer target a return of 5% and are eligible to be held within an IFISA*
In 2018, Sheriffhales Community Energy was formed as a Community Benefit Society to purchase an established solar array from a commercial renewable energy organisation and bring it into community ownership. The 3.2MW solar array:
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 will:
Sheriffhales Community Energy Ltd runs an established 3.2MW community-owned solar array that provides clean energy while funding local community initiatives in Shropshire.
https://www.sacrec.org.uk/
Director
An engineer by trade, Peter began his career working for a Canadian mill in the 1990s, contracting wood floors in the UK into Wickes and Screwfix. Peter’s passion for high quality design and workmanship led him to set up his own workshop, Blueridge, which has become one of the UK’s most respected producers of bespoke hardwood flooring and joinery. Peter served as Parish Council Chair during the planning and construction phase of the Solar Project. After his tenure he moved to serve on the Board of SHCE and Sheriffhales Solar CIC and helped to create the Charity SaCREC for distributing the funds generated by the community solar array to community projects in the Parish.
Director
Patrick worked for 52 years in the construction industry on local authority housing, roads and sewers, motorways, schools, and housing. Retired at 69 and involved in the local village with the solar committee, he looks forward to being an active member and director of Sheriffhales Community Energy. His interests include football, golf and spending time with his two sons and four grandchildren.
Director
Chris works within the IT & Telecoms industry having worked on various large-scale projects with some of the biggest companies in the UK. He has an interest in emerging technology and renewable energy. Having recently moved to Sheriffhales from a nearby town, he has joined the SHCE board as he believes initiatives such as SHCE are key to helping both the local community thrive and help the country achieve sustainable long-term energy.
Director
Managing Director of his family farm for the past 20 years, Richard is heavily involved in the local community. He has been on the Parish council for 8 years and last year he was the President of Newport Agricultural Society. Richard is passionate about the local community and how it will benefit from Sheriffhales Community Energy.
Director
Peter lives and works in Shropshire. He is a Chartered Architect with 40 years’ experience, and formed Frith Architects in 1988. The practice now trades under the title Studio Severn Architects Limited and Peter remains a Director. He was Chair and governor of Moorfield Primary School from 1998 to 2009 and a Vice Chair and governor of Burton Borough Secondary School, from 2009 to 2015.
Director
Neil has lived in Sheriffhales for some twenty-five years, having had a successful career with a premium car manufacturer, in various roles. As well as being involved in business consultancy, he has numerous charity interests, which has included mentoring sixth form students, to help them identify career opportunities, and so achieve their aspirations and ambitions. He is involved with various charities as a Trustee, ensuring they comply with the Charity Commission’s governance requirements, and ensure a secure financial future. Neil believes strongly in assisting those less fortunate, often with mental health issues, achieve a more rewarding life and become the best that they can be.
Team Member Position 7
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Bondholders will receive interest at 5% per year, paid annually on 30 September each year up until the repayment date of 30 September 2036 (with the first payment on 30 September 2022).
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.
Applicants must be 18 years old or more. Investments cannot be made on behalf of children.
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