Finance

Finance

Invest in Halton Lune Hydro from just £250

Buying shares in Halton Lune Hydro will provide a long term income for you, environmental benefits for society and social benefits for the local community.

Once the first turbine is installed it will generate electricity.  This electricity will be sold creating an income from the project. To build and install the first phase of the project we need to raise £976,000. We have already raised £334,230 in grants from EDF, Lancashire County Council, Lancaster City Council, Department of Energy and Climate Change (DECC), and Rural Carbon Challenge Fund/Defra.  We are also able to take out bank loans. But most of the money for the project will come from a community share offer.

We are asking members of the public to invest between £250 and £20,000 through buying shares in the scheme. Investments of £500 or more could qualify for up to 30% tax relief under the government’s Enterprise Investment Scheme (EIS).

Shareholders are expected to receive 5% interest on their investment every year, once the scheme is up and running. The aim is to provide a greater return than you would currently gain by putting your money in the bank.  After 20 years, you would get the money from your initial investment back.  After we have spent money on paying shareholders interest and maintaining the project, profits from the scheme will be invested in the local community, generating more than £1 million to fund recreational, energy saving, heritage and conservation projects.

All members will have the right to elect the Halton Lune Hydro Board and vote at shareholder meetings; all members have 1 vote regardless of how many shares they hold. All shareholders also have the right to stand as a Board Member.

Individuals over the age of 16, couples, charities and other organisations may invest in this offer.  You can also hold shares in trust for a child under 16.  The share offer is open to all UK residents, but if we raise more money than we need, priority will be given to applicants living within 25 miles of the project.

It is important to know that shares in Halton Lune Hydro cannot be sold, traded or transferred between members, and only HLH can buy them back.  The shares will not go up in value over the years.  It is best to think of this investment as being a 20 year commitment to the project – a one-off investment to generate a long-term financial benefit to you, and a lifetime of environmental and social benefit to the community.

To read the share prospectus, which has more information, and see the application form for shares click here

The Share offer has been very successful so has been extended to raise the full £976,000.

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