Chelwood Community Solar Scheme Share Offer
Invest in building a local energy scheme, with EIS tax relief
- Help the village of Chelwood generate renewable electricity locally
- 5.5% gross annual interest increasing in line with the retail price index (RPI)
- Total return estimated at 9.2% per year including EIS tax relief and assuming annual RPI of 2.5%
- Projected £1.2m Community Benefit Fund
- £500 minimum investment (£200 for local residents)
Triodos Bank Corporate Finance is helping Chelwood Community Energy, a community benefit Society, raise £2.75 million through this EIS Share Offer to build a community-inspired 5MW solar energy scheme near the village of Chelwood, 8 miles south of Bristol.
The scheme has the support of the local community, with all the retained profits donated to a Community Benefit Fund. Over the 25 year life of the project, the Chelwood solar scheme is forecast to generate over £1.2m for the local community.
The Society is offering investors a 5.5% gross interest rate per year which will increase in line with the retail price index. With EIS tax relief, the total return for investors is estimated at 9.2% gross assuming long-term annual inflation of 2.5% (as measured by the retail price index).
This should be considered a long-term investment and although members’ interest will be paid annually, repayment of capital may take up to 25 years depending on available cash flow.
An investment in Chelwood Community Energy Limited is a long-term investment in a new company with no current income. The projected interest payments and target return assume the successful construction and operation of the Chelwood solar scheme and are not guaranteed.
You can read more at www.chelwood.org , including how to invest.