BHESCo are currently in the final stages of completing our two most recent community energy projects at the Montessori Place School in Framfield and the NetWerks co-working space in Lewes.
Following our most recent share offer we have succesfully raised the upfront finance for these projects, and therefore are not accepting any additional investment at this time.
We are currently in the design and development stage for several new community energy projects in Sussex, and will be seeking to raise the capital finance for these projects in early 2021, when we will be offering investors a target interest rate of 3%.
If you are interested in becoming an investor in BHESCo, or are an existing investor and would like to add to your existing holdings, then please register your interest using the form below and we will notify you as soon as we launch our next share offer.
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.
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 3% interest to our investors on an annual basis, dependent on financial performance and cash flow. Shareholders can decide to have their interest paid out, invest it back into BHESCo, or donate it to our fuel poverty programme.
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
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.