An investment in BHESCo means your money will not only create financial returns for you, it will also create positive change for the community and reduce the UK’s carbon footprint
Some benefits of becoming a shareholder/ member of BHESCo include:
- Having an equal voice in how we are run
- Receiving an attractive 5% return on your investment*
- Helping local businesses to thrive
- Reducing our carbon footprint
- Supporting an innovative business model that creates a blueprint for energy groups across the country
Your investment will help us to empower every property owner in England to meet their energy needs with efficient buildings and clean, affordable, community owned energy. We will use your capital to purchase and install clean energy technologies on behalf of our customers, who then pay us through our Pay As You Save model.
Investors can purchase shares which have a value of £10 each. The minimum investment is £250 and the maximum is £100,000.
The drop down menus below contain important information which we need to share with you before you make your investment. The information is taken from our 2018 Share Offer Document.
Social Enterprise vs Commercial Enterprise
BHESCo is a social enterprise which is owned by and managed for the benefit of its members.
As a consumer co-operative we are bound by our Rules to act for the benefit of the communities in which we operate. This is a fundamentally different way of doing business on energy, as seen in the highly successful and well established model of community owned energy businesses elsewhere in Europe.
As with any purchase there are a number of things to consider before investing your money. In particular you should appreciate that the value of your shares cannot go up, but may go down, so that you may not get back the amount you invested.
The Co-operative is registered with but not authorised by the Financial Conduct Authority and therefore the money you pay for your shares is not safeguarded by any depositor protection scheme or dispute resolution scheme.
If any person has any doubt about the suitability of the investment which is the subject of this Share Offer they should consult with an appropriate authorised financial advisor on this investment.
Interest and Withdrawals
BHESCo receives income from a variety of different revenue streams, including the sale of energy through the Feed-In-Tariff and Renewable Heat Incentive as well as direct to our customers from projects we have developed.
BHESCo intends to pay 5% interest to our investors on an annual basis, dependent on financial performance and cash flow. Shareholders can decide to have their interest paid pit, invest it back into BHESCo, or donate it to our fuel poverty programme.
What Its Means To Be A Member
There is a one-member-one-vote rule irrespective of size of shareholding, and as a member you can get further involved through member meetings, joining working groups and standing for election to the Board.
BHESCo will not have “major shareholders” as each member has one vote regardless of the size of their shareholding. This ensures that no individual, organisation or group of individuals or organisations will have control of the Co-operative
Terms and Conditions
The Share Offer is open to individuals over 16 years of age and to organisations who support the objectives of the Co-operative.
The minimum investment is £250 and the maximum is £100,000. Shares cost £10 each.
Under Money Laundering Regulations you may be asked to provide evidence of your identity.
The terms and conditions of the share offer are subject to English Law.
Your investment in principle is for 13 years. We request a minimum of 3 years in order to establish the cash flows required to sustain the business. After the third anniversary members may apply to the for repayment of some or all of their investment.