You can now apply for shares in Pennine Community Power in two ways:
- Complete the application for at the end of the prospectus and post it, together with a cheque, to Pennine Community Power’s registered office:
Pennine Community Power Limited
Warcock Hill Barn
Hebden Bridge, West Yorkshire
- Complete the on-line application and use BACS transfer to transfer funds directly to Pennine Community Power’s bank account.
In both cases, before applying, you should ensure that you have read and understood the prospectus and the risks associated with this investment.
Pennine Community Power launched their first community share offer today Thursday 21st June 2012. The offer will be publically launched at the Blackshaw Environmental Action Team Buffet at the New Delight pub on Saturday 23rd June.
The offer aims to raise £28,000 to fund the installation of a 10kW wind turbine in the parish of Blackshaw. The share offer is open for applications for 5 weeks and closes on 31st July 2012.
Full details of the share offer can be downloaded here.
With the support of the Co-operative Enterprise Hub who have funded Gareth Nash of Co-operative and Mutual Solutions to work with the founders of PCP, we have now registered Pennine Community Power Limited as a Community Benefit Society, no. 31588.
This legal form will allow us to offer shares to the public, whilst also providing a democratic and accountable structure to ensure that PCP is owned and controlled by the community. The assets of PCP are locked for community benefit – if PCP is wound up, any remaining assets have to be passed to another asset locked organisation with similar objects.
The founder directors are now drawing up the offer document for the community share offer to finance the first PCP installation – a 10kW Bergey Turbine at Warcock Hill in Blackshawhead.
Co-operative Enterprise Hub, http://www.co-operative.coop/enterprisehub/
Co-operative and Mutual Solutions, http://www.cms.coop/