Low Carbon Hub strongly encourage investors to view their investment as a long-term commitment to the project, generating long-term financial benefits to you and sustained environmental and social benefit to the community. However, investors in the Community Energy Fund whose investment has been in the Fund for a minimum of four years have the right to request the return of some or all of their capital. Although Low Carbon Hub cannot guarantee to fulfil all requests, it is committed to making funding available each year to facilitate some requests.
This is a significant change from Low Carbon Hub's previous share raises. Capital invested in previous share raises is gradually returned to investors over the 20-year project lifetime, rather than on request.
There will be an annual process by which investors can apply to withdraw some or all of their equity, up to a maximum of £20,000 in any one year. Investors should submit application requests by 15 December each year. Low Carbon Hub will confirm if your application has been successful the following April, with successful applicants having their capital returned within 180 days of notification of their success. To cover administration costs, successful applicants will forfeit 90 days of interest.
In the event that the Low Carbon Hub lack sufficient capital to meet all the requests, the rules for prioritisation of applications are set out in the Share Offer Document.
Ultimately equity withdrawal remains at the discretion of the Directors who have an obligation to put the overall financial wellbeing of the Low Carbon Hub IPS Limited first.