The world needs an energy revolution and it needs it now.
Will you join us and support renewable energy in Sussex?
There has never been a better time to join the community energy movement.
In October 2018, the United Nation’s ‘International Panel on Climate Change’ (IPCC) issued a stark warning that the world has until 2030 to radically curb climate damaging emissions or face catastrophic consequences.
This wake up call has inspired a tidal wave of activism across the globe. Young people in 2,000 cities have engaged in monthly strike action; grassroots protest movements like Extinction Rebellion have been staging headline grabbing stunts; economic think-tanks have been calling for a Green New Deal; and the UK government has even gone so far as to declare a state of climate emergency.
All of these groups call for government action, but government action takes time. And in the fight against climate change, time is what we don’t have.
This is why communities all over the UK are coming together to invest in local energy projects that deliver immediate and significant results. There are now over 48,000 members of community energy groups invested in projects that collectively reduce CO2 emissions by an incredible 71,000 tonnes per year.
With support from visionary investors like you, the movement will only get stronger.
We hope you will soon become the latest supporter to join the community energy revolution.
Why BHESCo Needs You
As a not-for-profit co-op, we rely on community investors to help fund our projects. Shareholders become members of our co-op and receive 5% interest on their investment*.
We’ve completed 40 community owned energy projects in this way, and its all down to the belief and support of investors like you – thank you all!
Together, BHESCo projects are already saving our customers £50,000 a year on energy bills and reducing annual carbon emissions by over 200 tonnes – and we’re only just getting started.
By raising funds from the community, we remove the burdensome upfront costs that prevent the development of new energy projects. This allows everyone to take part in the clean energy revolution, and supports the growth of community energy across Sussex.
Everyone who cares about the climate and wants to take action to do something should join BHESCo.
Our ambition is that every resident of Brighton & Hove becomes a member of our co-operative.
Benefits When You Join
An investment in BHESCo means your money will generate attractive financial returns for you, create positive change for the community and reduce our collective environmental impact.
As a member you will:
- Receive an attractive 5% return on your investment*
- Help local businesses to thrive
- Reduce our collective carbon footprint
- Have an equal voice in how we are run
- Support an innovative business model that creates a blueprint for energy groups across the country
*5% = anticipated rate – your capital is at risk when you invest, so never risk more than you can afford to lose. Past performance is no guarantee of future performance. If you are in any doubt you should consult a financial adviser.
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 decide to join. The information is taken from our 2019 Investor Pack
Things To Consider
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 5% 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.