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Bristol Energy Cooperative

BEC Share Offer 3 - 2015 - OFFER CLOSED

£50 minimum

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

Greater Bristol Solar portfolio

By investing in the BEC's 2015 share offer to raise £1.3 million investment, you are helping to cut carbon emissions and fund renewable energy projects across Greater Bristol.


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 'Getting your money back' below). The price of a withdrawable share does not increase, although in some circumstances it can decrease. Read more


Term of Share

 25 years.


Minimum raise for offer to proceed

The minimum raise is £150,000. If less than £150,000 is raised, BEC may decide not to proceed with any project and in this event all investments will be returned. 

If the share offer is oversubscribed, BEC may use the funds on additional projects that are viable and meet the investment criteria


Financial return

BEC are forecasting an annual return of about 5% assuming Retail Price Index (RPI) inflation is 1% for the next two years, but after that averages 2.5% per annum (in line with the long-term average).

Returns to investors are not guaranteed.

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


Minimum investment amount

£50


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 the 1st of August this offer is closed. 

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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