Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

Solar for Schools

Renewable Energy - Bonds

60% raised
5.5%

Forecast
return

Investors
104
Days left
38
Raised so far
£476,343

The Solar for Schools Community Benefit Society (CBS) Ltd tackles climate change by funding solar panels. In one simple step, the CBS enables schools to reduce both their energy bills and their carbon footprint. Better still, there’s a lasting impact of the energy education program, inspiring students about the power of renewables.

IFISA

Target
£800,000
Min raise
£250,000
Offer opened
06/03/2024
Closing date
31/05/2024
cycling race illustration

Solar for Schools CBS Limited
Society no. 7364
Essex, UK
Incorporation date: 08 July 2016

Your money will

  • Take action to fight climate change funding solar panel installations on around 20 UK schools

  • Help educate the next generation about the importance of sustainable energy production

  • Save schools money on energy bills by generating their own clean energy, which is cheaper than mains electricity

  • Earn a potential tax-free return. Investments in the bond offer a target return of 5.5% and are eligible to be held within an IF ISA*

The bigger picture

Installing solar on schools has multiple benefits. Besides generating cleaner energy, students get to experience solar power firsthand with real-time data feeds, inspiring them to take positive environmental action.

  • Solar for Schools CBS’ long-term goal is to see every school in the UK equipped with solar panels and delivering sustainability education for all pupils
  • To date, Solar for Schools CBS has generated 21,333MWh of solar electricity. That’s enough to charge over 350,000 e-vehicles. 
  •  A total of 4,117 metric tonnes of CO₂ has been mitigated, equivalent to 10.5 million miles driven by an average fossil-fuel-powered vehicle.
  • Solar for Schools CBS has provided energy education to over 140,000 pupils, giving valuable insights into the future of renewable energy generation and inspiring more young people to join the fight against climate change. 
  • Nearly 200 schools across the UK are already part of the CBS Community Benefit Society and over 110 schools are waiting to go solar, with more joining each week.

  • *IFISA eligibility depends on investors' individual tax status and current legislation. 

    Solar for Schools have also directly raised £81k from 17 investors.

Where your money goes

Solar for Schools will use funds from the investment to design and install new solar energy systems on UK schools that are currently on their growing waiting list.

  • Every £1 million raised in investment will fund new solar systems on 10-15 UK schools
  • The schools will save money on their energy bills, with each saving between £150,000– £350,000 over the next 25 years. 
  • The panels will provide on-site clean energy generation helping increase the UK’s energy independence.
  • All schools will receive decarbonisation education support, including engaging on-site workshops, online graphs and data from the panels that are linked to maths and physics lessons

Team

The Solar for Schools Community Benefit Society (CBS) Ltd tackles climate change by funding solar panels. In one simple step, the CBS enables schools to reduce both their energy bills and their carbon footprint. Better still, there’s a lasting impact of the energy education program, inspiring students about the power of renewables.
http://cbs.solarforschools.co.uk/


Wendy Litherland

Director

15 years’ experience leading sustainability initiatives in secondary schools.
Local Eco Cluster Group co-ordinator. Co-facilitates the UKs largest children's environmental conference: NW Eco Schools.
Winner of multiple sustainability education awards including the Climate Week Awards, the SSAT national sustainable schools award and the Department of Education Sustainability Award in 2021.
Co-author of the learning journeys in the Solar for Schools mobile app for students and teachers.
BSc (hons) in Physiology from the University of Manchester, a PGCE MA (Education) and NPQS

Robert Schrimpff

Director

10 years’ experience in founding and building online businesses such as netXtra and hotels.com followed by nine years’ experience investing in renewable energy technology companies at TVM Capital and Greencoat Capital before setting up Solar Options for Schools to deliver “carbon and energy education powered by the sun”
M.Eng in Aeronautical Engineering from Imperial College London. MBA in Entrepreneurship and Finance from INSEAD

Ann Flaherty

Director

Over 12 years’ experience in solar development on schools using a variety of funding models and has helped set up three solar businesses in the schools market. Worked in education for sustainable development for over 15 years.
Co-creator and developer of an educational platform for HRH Prince Charles’ Rainforests SOS campaign, and for the HISTORY’s channel: The People Speak, led by Colin Firth.
Previous experience in journalism, media and brand marketing.

Peter Roberts

Director

25 years’ experience in the education sector overseeing the design and contract management of new schools and capital programmes and ensuring project delivery to specifications and budget. Has always been an advocate of sustainable construction and estates strategies.
Has been working with the DfE for the last 10 years as consultant project manager and technical advisor in the Free Schools programme and latterly the new further education estates initiative.

Sian Herschel

Director

Fifteen years of professional experience in grant making and investing for organisations such as Fairtrade, Comic Relief, Power to Change and the Churchill Fellowship.
Areas of expertise include social enterprise, ethical trade, strategy development and impact measurement.
Sian has lived and worked in the USA, Peru, South Africa, India and Germany as well as the UK.
MBA from the University of Cambridge and executive coaching accreditation from Henley Business School.

Craig Ellin

Director

Craig has over 20 years' experience in central government property, including 8 with the DfE as 
Operational Sustainability Manager (Achieving Best in Government, 2010, for in-year carbon reduction) and then Finance Manager covering project management, benefits realisation, sustainability, finance business partner (property) and FM & Energy contracts management. At LocatED he is part of the net zero accelerator programme looking to help all schools decarbonise and achieve Net Zero by 2050. B.A (Hons) in Economics and Law from Birmingham City University, ISO14001 Lead Auditor and achieved Carbon Trust Gold Standard for the DfE Environmental Monitoring System (EMS)

Marino Charalambous

Director

Oversees five schools in North London at the North Star Community Trust, all of which have solar panels managed by Solar for Schools.
Introduced sustainability as part of the Trust curriculum in 2016 and has developed a Trust wide learning culture with the future in mind. Previous experience in finance and project management at HSBC and Siemens Financial Services as well 15 years at Managing Director level experience in digital marketing consultancies and other businesses.
B.Hons Business and Marketing Member of the Chartered Institute of Marketing.
NPQ in Executive Leadership (University College London)

Nathan Odom

Director

More than 13 years’ experience in the education sector, 10 of which have been with a large local authority working with its schools and academies.
A project manager delivering various capital build projects and expansion plans for schools across Leicestershire.
Currently, the strategic lead for DSAT’s capital strategy for school site improvements with a focus on improving the physical learning environment to support the delivery of high-quality education, ensuring school sites are safe and compliant.

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Interest accrual and payment

Interest will accrue from the Interest Start Date (1 month after drawdown) and interest payments will be made annually on the 31st of October each year and paid to your account in the following month. 

 

Getting your money out

The Bonds are transferable, but won’t be listed on any exchange because a request can be made for early re-payment (there is a minimum 1-year initial term). Bondholders may request early re-payment by notifying the CBS with at least 3 months’ notice. The CBS will deal with all requests in order of receipt and pay as many as it can subject to available funds and Directors’ discretion. The CBS is under no obligation to re-pay early.

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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