The story so far
Pioneer share offer
In 2015 REACR completed a successful pioneer share offer which raised £300,000 for the turbine deposit, and other early stage Project costs, plus a community share offer to fund the build, which took their total raise to £750,000. REACR then took a loan of £600,000 from Resonance to match their project costs which were projected to be up to a total of £1,350,000.
This latest 2017 offer is to fund the remaining £600,000, to pay off the loan from Resonance and bring the turbine in to full community ownership.