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Low Carbon Hub

Governance and people

The Low Carbon Hub is a social enterprise that’s out to prove we can meet our energy needs in a way that’s good for people and good for the planet.

It is made up of two organisations. The Low Carbon Hub IPS Limited owns community energy projects in Oxfordshire. Surpluses from the IPS are donated to the Low Carbon Hub CIC to support further local carbon-cutting initiatives.

Governance

The Low Carbon Hub IPS Limited is a Registered Society that’s owned by its investor Members and run for the benefit of the community.

The Low Carbon Hub CIC is owned by 27 low carbon community group shareholders. These groups are based across Oxfordshire and help ensure its operation is totally transparent and is guided by those it is set up to serve.

Total number of shares

The Low Carbon Hub currently has 5.1 million shares in issue and is looking to issue a further 800,000 shares in this  investment round of the Community Energy Fund, with a total of £4 million of equity issued over the next three years.

People

Executive Directors

The Low Carbon Hub IPS Limited is the investment vehicle for their capital projects. The Low Carbon Hub Community Interest Company (CIC) holds the staff team, develops projects and works with communities to develop new approaches to community energy. Each is governed by a Board of Directors. The majority of Board Members sit on both Boards. However, two Board members act independently to vote on issues where there is a conflict of interest between the two organisations: these are Steve Drummond for the Low Carbon Hub IPS Limited and Sue Halliwell for the Low Carbon Hub CIC.

Non-Executive Directors

Directors' remuneration

Directors offer their services voluntarily with the exception of Barbara Hammond and Adriano Figueiredo who are employed by the Low Carbon Hub CIC.

Directors' holdings

The founding members hold a nominal shareholding of £1 each.

  • Barbara Hammond holds £16,738 of shares
  • Adriano Figueiredo holds £3,446 of shares
  • George Levvy holds £1,000 of shares
  • Nina Alphey holds £7,000 of shares
  • Steve Drummond holds £500 of shares

Diversity

3 of 10 directors are female.

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