In March 2020 the Low Carbon Hub opened their Community Energy Fund to new investment on Ethex. They had a target raise of £1.5 million to support local projects tackling climate change.
They’re thrilled to announce that on the evening of Wednesday 9 June they reached the target of £1.5 million of investment – 24 hours before the official closing date.
Both Ethex and Low Carbon Hub have been absolutely blown away with the huge amount of interest received in investing in this round of the Community Energy Fund, especially over the past week. However, this has meant that Low Carbon Hub have had to close the Community Energy Fund a day early to avoid overcapitalisation.
But they do anticipate being able to reopen the Fund soon, as they have a pipeline of upcoming renewable energy projects which will require funding – so if you were thinking of investing but didn’t get the chance this time, don’t worry - there will be further opportunities.
If you’d like to be the first to know when the Low Carbon Hub’s Community Energy Fund is reopening for new investment, please sign up to the Ethex mailing list and keep an eye on our social media platforms for news.