We’ve had a fantastic response to our share offer and we’re well on the way to reaching our target of £250,000. A big thank you to everyone who has already invested.
Our question and answer session at the Novotel in Greenwich on October 15th attracted a lot of interest and it was great to meet so many new supporters. Huge thanks to the Green Kite Midnight Ceilidh Band for getting us up and dancing afterwards. If you haven’t yet got around to investing, please don’t delay.
One of the potential investors who came to the Q&A event made a very good point: she told us that she’d tried to become a shareholder with a similar community energy project in East London but that she had left it to the last minute – only to discover the there were no shares left because a couple of investors had snapped up all the remaining ones a week before the closing date.
If you have already invested in our project, welcome to the SELCE community! We would also really appreciate it if you would continue to spread the word about the share offer to friends and family. We’ve reached £100,000 already and we’re committed to raising enough solar funds for all four of our partner schools.
Here are five reasons to become a SELCE shareholder:
A unique opportunity that may not be repeated: SELCE will only be able to offer 30% tax relief to investors for our first share offer. After that, proposed changes in government policy means that we will probably have to re-shape our business model.
A fantastic Christmas present for yourself or a child: SELCE shares are the gift that keeps on giving. Not only are you investing in a greener, fairer future for SE London but SELCE intends to pay you 4% annual interest on your initial investment for 20 years. If you are a UK tax payer, you will almost certainly be able to claim the 30% tax relief as well. Investors need to be over 16 to but you can nominate a child and the shares will become theirs when they are 16.
A great way to enhance your kids’ education fund: because we are encouraging investors to stay with us over the long term, the SELCE project is a useful way of committing cash until your kids are ready to go to university – while receiving a competitive interest rate.
A great legacy for your family: SELCE shares are exempt from inheritance tax, so you can pass them on in your will and they won’t lose any of their value.
A real stride towards a better future: we have estimated that our first project will save around 94 metric tonnes of CO2 emissions each year. Meanwhile our four ‘partner’ primary schools will save about £358,000 in electricity costs over 20 years – so they will have extra cash to spend on the things they really need.
Don’t forget, the minimum investment is £250 and the maximum is £20,000.
And, most important of all, the closing date is Wednesday November 11th.
For more detailed information please visit www.selce.org.uk phone us on 02082694882 to invest with us directly or go straight to the Microgenius website and sign up today.
Please note: this share offer is NOT effected by proposed changes to the Feed in Tariff.