Our Power

Bond Offer

£500 minimum

SITR Limit has been increased to £1.5M 

The Finance Bill has recieved Royal Assent as of 16/11/2017 and the Bill is now an Act of Parliament (Law). This means that the threshold has been changed to £1.5 million . Our Power are already in touch with HMRC to complete the process and secure an updated advance assurance for elligibility.

Please Note:

The current totaliser figure includes £1.3M of institutional investment which does not qualify for SITR.

Key facts

Product Transferable bonds
Term 3 Years
Offer opened 19th October 2017
Offer closes 21st December 2017
Return 6.5% gross per annum

 

Offer price, per bond £1
Minimum investment amount £500
Min. raise for offer to proceed £2,000,000
Maximum raise £4,500,000
Location UK wide (Headquarters in Edinburgh)

Offer document

The information on this website is only a summary of the offer document.

Before applying for bonds the whole text of the accompanying bond offer document should be read.

 

Bond instrument

Before applying for bonds the whole text of the accompanying bond instrument should be read.

Paper Application Form

 If you would prefer to apply for Our Power bonds using a paper application form please download and print off this form, fill it in and post to Ethex.

Financial performance

6.5% gross interest per year, fixed and payable (net of UK basic tax rate) in arrears in January each year of the bond term. This product is also eligible for Social Investment Tax Relief (SITR).

Social performance

82.5 days per year of extra heating for a home in fuel poverty if they are on the Our Power standard variable tariff compared to a Big 6 variable tariff.

Bond offer

Learn more about key aspects of this bond offer

Business profile

Aims, social and financial performance, and how it's run

IMPORTANT INFORMATION FOR PROSPECTIVE INVESTORS

If you are in any doubt about the information on this website, the content of the accompanying prospectus or the action you should take, you should immediately consult a person authorised for the purposes of the Financial Services and Markets Act 2000, who specialises in advising on investment in bonds and other securities.

Prospective investors should be aware that the value of the bonds, which will not be quoted, cannot go up, but can go down. In addition, there is no certainty that investors will get back the full amount they invest.

£2,429,20054%
Applied for to date, of
£4,500,000 target

Need help?

The Ethex team are here to help from 9am to 5pm

https://www.ethex.org.uk/savings--investments_16.html

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