CEB is ready to install 70 solar PV panels on the roof of the Moseley Exchange, which is well-known to many people as the home of Moseley Community Development Trust. The CDT provides valuable support for many local community activities and groups, as well as leading the regeneration of the neighbourhood in Moseley. The building hosts a co-working space and 68 groups use the meeting rooms for hire throughout the week. The panels will supply electricity to the building during all daylight hours, with any surplus going to the neighbouring area.
We are looking for short-term loans to pay for the installation and already have some pledges. If you would like to offer a short-term loan in January, we will be able to repay you with interest (at a rate of around 4% gross) when we receive the money from the community share offer which we are launching in the summer (planned launch date early May 2015).
If you want to make a longer-term investment, you will be able to convert your loan into shares in Community Energy Birmingham when the share offer is launched. This will have the advantage of allowing you to claim substantial tax relief through the Government’s Enterprise Investment Scheme (EIS)*.
If you would like to be part of this exciting project, or discuss this further , please email John Newson at communityenergybirmingham[at]gmail.com