The provision of significant local community benefits is central to NCE’s vision. NCE will recycle 100% of surplus profits into local communities in Nottingham and Nottinghamshire through a Community Fund.
The Fund will derive its income from the surpluses generated as indicated on the financial performance page and will aim for the Langar Lane Solar Farm to provide £25k per annum during the first 5 years. This amount will increase towards the later stages of the project and over 25 years could result in £1.8 million being available for distribution to local communities via the community fund.
Acceptance of this amount will be subject to a members’ vote at NCE’s AGM. The monies will then be donated to the community fund and will be allocated to projects brought forward by communities across Nottinghamshire.
Criteria for eligible projects supported through the community fund are likely to include wildlife conservation, climate change mitigation, carbon reduction (including local food, transport, waste projects etc) and reduction of fuel poverty.