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A solar energy scheme in Bristol is switching investors on to its community share issue with £70,000 pledged in the first few days, with the support of The Co-operative Enterprise Hub.
The not-for profit community-owned Bristol Energy Co-operative is aiming to raise almost £90,000 with the launch of a share issue to realise its plans of installing solar panels on community buildings across the city.
With the support of The Co-operative Enterprise Hub, which gives FREE advice and training to new and existing co-operatives, Bristol Energy Co-operative:
Intial investments will support a vibrant a community hub for art, music, enterprise and innovation and a charity in the south of the city which helps communities to get the most out of digital technologies, music, media and the arts.
Mark Corbin of Bristol Energy Co-operative, said: “When a number of community groups across the city were looking at forming energy co-operatives we pooled our skills and resource, and this is the result – an ambitious scheme that opens the benefits of green energy to all and will leave a lasting legacy for the next generation.
Michael Fairclough, The Co-operative’s Head of Community and Co-operative Investment, said: “The co-operative business model is a robust approach to enterprise that is revitalising local communities and helping to address some of the unprecedented challenges facing society, environment and the economy."
"We believe that our support and encouragement for member-owned renewable energy projects can create sustainable community co-operatives that can control, generate and bnefit from their own renewable energy."