The Community Energy Fund
The Low Carbon Hub Community Energy Fund aims to raise £4 million of equity over the next three years to pursue a range of opportunities that will enable it to strengthen and grow its portfolio of community energy projects.
Low Carbon Hub was thrilled to raise £782,335 of investment into the Community Energy Fund in its first year. This money is already being put to work to support community energy projects across Oxfordshire. £628,715 was used to buy out Oxford City Council’s short-term debt in the existing solar 2016 portfolio, giving the Fund a stake in already operational projects. This means the business can start to accrue the funds to pay interest to investors from day one. The investment has also supported the new projects pipeline, providing the long-term capital to fund solar PV arrays at Sonning Common Primary School, Longfields Primary and Nursery School and the pre-development costs on two more sites.
By investing in the Low Carbon Hub, you will help to:
- Grow its portfolio of rooftop solar PV arrays
- Invest in the Hub's Solar 2016 portfolio - bringing this existing portfolio of renewable energy projects more into community ownership by paying off a portion of the short term loan from Oxford City Council which was taken out in order to fund the initial installation of some of the projects
- Develop new types of community energy projects
The Fund differs from previous Low Carbon Hub share offers in that it offers investors a more flexible way to invest. The Fund will:
- raise investment for a wide range of projects rather than being tied to a fixed portfolio of projects
- investors can apply to withdraw their capital after year four (subject to funds being available)
- re-open every year for a limited time to give investors a regular opportunity to invest.