Invest in renewable energy by buying REMR withdrawable shares, which make you a member of the community benefit society, giving you a vote and the right to interest.
Investing in REMR will help realise the development of a single 500kW wind turbine at Mounteney’s Farm and a further single 500kW wind turbine at Cherry Rock Farm. You will become a member of a community-based Society working to increase Resilience in the local Community from the effects of resource depletion, climate change and austerity.
Withdrawable shares can't be sold on to anyone else, but you can withdraw them by asking the Community Benefit Society to return your investment (subject to terms and conditions - see below). The price of a withdrawable share does not increase, although in some circumstances it can decrease. Read more
Financial return
REMR are forecasting a return of up to 8% over the lifetime of the project assuming RPI increases on average by 2.75%.
Returns to investors are not guaranteed.
Read more about the project finances and additional debt finance on the Financial Performance section.
Minimum investment amount
£250
Maximum investment amount
£100,000
Fees payable to purchase this product
| Normal Fees | Portfolio Subscriber Fees |
|---|---|
| None | None |
Read more about our Portfolio Service.
Statutory charges
None
Getting your money back
Members will have the opportunity to apply to withdraw some or all of their Shares from the Society from year 4 onwards.
Withdrawal of capital is at the directors' discretion but the society will create a reserve to return a proportion of capital back to investors from year 4.
How secure is your money?
You will only receive interest if the Society generates sufficient funds and if the directors choose to pay interest in line with their stated policy. Your original investment will not normally change in value, but it can reduce in value if the net asset value of the shares falls below their original value.
This investment is not covered by any government compensation scheme.
Keeping track of your investment
The details of your investment are recorded on your share certificate and by the Society.
The Society will send out a full annual report once a year together with an invitation to the annual general meeting.
If you subscribe to the Ethex Portfolio Service you can track your investment and follow the performance of the business in your personal portfolio.
Tax considerations
Interest is paid gross without deduction of any tax. You will also receive inheritance tax relief on these shares if they form part of your estate.
Voting rights
This investment entitles you to one vote in the Society, no matter how much or how little you invest.
Qualification
This investment is available to persons aged over 16 only.
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