BHESCo is hosting an event to give you more information about our Co-operative, what we have accomplished so far, the renewable energy and energy efficiency projects we are investing in, our innovative business model and most importantly – how you can participate.
Be the Change You Want to See in This World
4 June 2015, 6pm – 9pm
Brighthelm Centre, North Road, BN1 1YD
BHESCo is an ethical, not for profit social enterprise aiming to become a community owned energy supplier. Our business model helps to lower energy prices sustainably. Pop in to our event, meet the Board of Directors of the Co-operative, learn more about how you can earn up to 10 times what you are currently earning on your savings by investing in a Co-operative that will pave the way for energy groups across the country.
THIS IS A FREE EVENT
02 May 2015
Brighton and Hove Energy Saving Co-operative (BHESCO) launched its bid to raise £1M to fund up to 10 community renewable energy and energy efficiency projects in Sussex.
When people put money into the co-operative, they become members and buy shares. For a minimum investment of £250, each investor receives a 5-7% year on year return. BHESCo has advanced assurance for the Enterprise Investment scheme giving 30% relief on the amount invested.
People who invest £500 will be able to claim £150 of that straight back in their next tax return. If the interest rate continues into subsequent tax years, investors will have doubled their money in 11 years. Moreover they will become part of a movement that helps reduce reliance on fossil fuels and contributes to a more sustainable future.
The offer was formally launched via Ethex, the UK’s award winning positive investment website. The minimum investment is £250 and the maximum is £100,000. To apply visit www.ethex.org.uk.
BHESCO’s share offer feeds into an innovative business model that forms a blueprint for energy groups across the country. By establishing a portfolio of services, including partnerships with energy suppliers, energy assessments and energy consultancy, the co-operative has successfully created a number of robust revenue streams. The model can be adopted in other towns and cities to ensure endurance of local energy groups.
The event has received coverage from local newspaper, The Argus and The Brighton & Hove Independent. The first installations include a biomass boiler for an independent school in Hove and a total retrofit of energy saving technology, including a solar array, for a social enterprise that manages affordable office spaces. BHESCO is also working with Brighton & Hove City Council to install solar on schools.
As well as benefitting from the government’s Feed-In-Tariff and renewable heat incentive – which guarantees a fixed price for community generated renewable energy for 20 years, the projects will also make significant savings on energy bills.
These factors combined give investors a 5% annual return on their investment, while enabling BHESCO to reinvest any profits in more community owned energy projects.
Kayla Ente, Founder and CEO said: “We’re used to thinking that doing good and making money are often opposed, especially when it comes to energy, but that doesn’t apply here. This is a win-win-win – Sussex gets more renewable energy while properties are made more efficient, cutting our carbon footprint and energy bills. Businesses and organisations we work with get cheaper energy, and the people who’s money makes it happen receive an interest rate that’s 10 times better than what they’re getting on their bank savings.”
Notes for Editors:
BHESCO (www.bhesco.co.uk) is a co-operative society registered with the Financial Conduct Authority registered number 32097R.
The offer is not affected by the FSMA 2002 regulations on public offerings on shares. For more information on community shares, see www.communityshares.org.uk
Community energy is a fast-growing sector of the activity, aided by the payment of the Government’s Feed-in-tariff and renewable heat incentive that guarantees a fixed price for 20 years, enabling BHESCO to reward its members with strong financial returns.
30 Mar 2015
Everyone will get an opportunity for their question to be asked, questions will be submitted before the event.
Through this event, we aim to:
– Encourage young people/first time voters to engage
– Gain a better understanding of the l…ocal candidates stance on environmental issues
– Encourage lively debate and awareness of the issues
– Give you an opportunity to question your potential MP’s
The event is sponsored by Community Energy South – a new umbrella group for local community energy groups across Sussex and surrounding counties.
Ticket Prices : £5 and concession £3
Doors and bar open: 7.00pm
Deadline for submitting questions: 7.30pm
Debate starts: 8.00pm (prompt – please be in your seats!)
BHESCo will be setting up an Energy Desk at the Friends Meeting House, Ship Street, Brighton on Saturday 17th January.
We will be giving expert advice about reducing energy costs, including cost effective ways to keep your home warm, checking whether you are on the right tarrif, and what support you can expect from your supplier.
Bring along your fuel bills so we can check them and see if you are paying a fair amount, and if not we will suggest ways to put this right.
Alongside our energy desk, in the next room, will be the Repair Cafe. If you have something that needs repairing, such as clothing, equipment or bicycles, and you are thinking of throwing it away, bring it along and get help and advice about giving it a new lease of life.
BHESCo’s Energy Desk will run from 10am – 2pm. The Repair Cafe runs from 11.00 am – 1.00pm
Last week The Argus reported on the rise of community energy groups in Sussex; there are not over 6,000 community energy groups across the UK. The Sussex groups, which have come together in an umbrella group called Community Energy South, are working to reduce the number of people in fuel poverty and develop renewable energy projects, across the region.
Community Energy South led a series of free events, Powering Our Communities, in September 2014 which provided information for community groups, parishes, local authorities, individuals and businesses on developing low carbon, energy efficient communities. Ovesco and BHESCo were both present to give advice and information to visitors as well as rallying support and encouraging new communities to get involved in the community energy movement.
Three schools were also present, Ringmer Community College, The Priory School and Chailey School, who each received £250 and were asked to come up and present their ideas on how they could use the funding to become even more environmentally friendly. This exercise was carried out in order to give children the opportunity to think about energy challenges.