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Bristol Energy Cooperative

BEC share offer - 2020

£100 minimum

You are invited to invest in, and become a member of, Bristol Energy Cooperative (BEC), a not-for-profit, community-owned enterprise, increasing the low carbon energy supply in the Bristol region, and returning benefits to the community.

In this, their seventh share offer, they are raising £2 million to finance a portfolio of renewable energy projects in the Bristol region. These may include:

• a 300kWp micro hydro power station
• solar roof installations
• community microgrids

 


Term of Share

BEC shares are designed as a long-term social investment but subject to funds being available at the time of the request, and approval from the Board, some or all of a member’s investment may be withdrawn before the end of the project period with a minimum of 3 months’ notice.


Minimum raise for offer to proceed

There is no minimum for this round of the offer to proceed, BEC are targeting raising £2,000,000 with this, their seventh investment offering.

As the money is being raised to fund a portfolio of projects BEC may decide to raise above the £2,000,000 if they are able to. 


Financial return

BEC is targeting an annual return of 3.5% with this offer.

Payment of interest and capital is not guaranteed and is dependent on the continued success of the BEC business model.


Social return

BEC now owns and operates over 9MW of renewable energy assets, which provide enough electricity to power 2,300 average homes.

To date they have distributed £250,000 of community funds.


Minimum investment amount

£100


Maximum investment amount

£100,000, unless you are a cooperative or Community Benefit Society.


Getting your money back

BEC shares are designed as a long-term social investment but subject to funds being available at the time of the request, and approval from the Board, some or all of a member’s investment may be withdrawn before the end of the project period with a minimum of 3 months’ notice.

Ultimately equity withdrawal remains at the discretion of the Directors who have an obligation to put the overall financial wellbeing of the Bristol Energy Cooperative first.


How secure is your money?

Payment of interest and capital is not guaranteed and is dependent on the continued success of BEC's business model.

This investment is not covered by any government compensation scheme.

The value of your shares will never increase and may reduce. Do not invest any funds that you cannot afford to be without.


Tax considerations

Interest is paid gross without deduction of any tax. You may also receive inheritance tax relief on these shares if they form part of your estate.


Qualification

This investment is available to persons aged over 16 only with a UK bank account.


Keeping track of your investment

The details of your investment are recorded on your share certificate and by the Company.

The Company will send out a full annual report once a year. 

£384,70119%
Applied for to date, of
£2,000,000 target
Please read the Offer Document in full before investing

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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