Nottinghamshire Community Energy

Nottinghamshire Community Energy Share Offer

£500 minimum

Invest in renewable energy by buying NCE withdrawable shares, which make you a member of the community benefit society, giving you a vote and the right to interest.

 

Langar Lane Farm Solar Array

By investing in NCE you are helping to realise the development of the Langar Lane Farm Solar Array. The project will be a major renewable energy scheme for the area and will make a large contribution to the developing community energy sector in the UK.


Investment product type

Withdrawable shares can't be sold on to anyone else, but you can withdraw them by asking the 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

NCE are forecasting an annual return of 7% assuming RPI increases on average by 2.5% a year or more (the average for the last 15 years is 3%).

Returns to investors are not guaranteed.

Read more about the project finances and additional debt finance on the Financial Performance section.


Minimum investment amount

£500


Maximum investment amount

£100,000


Fees payable to purchase this product

Basic account Member account
None None

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.

Offer closed

Read More

As of 5pm on the 29th of January this offer is closed.

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

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

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