The race is on
A surprise government cut is threatening these amazing green energy projects. If they can get fully funded by the end of November, they’re safe.
Can you help them to beat the clock?
All over the UK, volunteers are working to build locally owned wind, sun and water power. Normally this takes months, but a cut means they’ve got just weeks to raise the funds they need.
Together, we can help them hit their targets in time. You can donate to a project from just £5, and we’ll combine everyone’s donations to make an investment.
If you’ve got more cash to spare, you can invest in a project directly. Most have a minimum investment of £250, but some go as low as £50. Remember: as with all investments, your capital is at risk.
Wouldn’t it be wonderful if instead of buying lots of Christmas presents for the people we loved we invested in a more sustainable future on their behalf?
What you need to know
The Clean Energy Dash is a campaign to help fund as many local energy projects as possible, before they’re derailed by incoming government cuts.
http://www.energydash.org
1. The Situation
Imagine an energy company that gets its power from local wind, water and sunshine. It’s run by ordinary people (maybe even someone you know), and channels all its profits back into the local area. That’s community energy.
The government offers two tax breaks to encourage people to invest in small and growing businesses. These make a huge difference for community energy projects, as it makes their share offers more attractive to large-scale investors. From 30 November, community energy projects will no longer be eligible for either tax break.
Yes there will, but they’ll probably be smaller and less ambitious.
The tax relief cuts, combined with other policy changes, mean that this is likely to be the last set of large scale community energy projects we see for a while.
The campaign is run by our friends the UK climate change charity 10:10. They offer positive, practical ways to help tackle climate change, and bring people together to make the most of them.
10:10 are not officially connected with the community energy groups featured on this website, but are in touch with all of them, and got their approval before they launched the campaign.
We need everyone to help these projects get over the line before the cuts come into force. You can donate to a project from just £5, and 10:10 will combine everyone’s donations to make an investment. If you’ve got more cash to spare, you can invest in a project directly. Remember: as with all investments, your capital is at risk.
Right now, there are some amazing local energy groups out there trying to build wind, solar and hydro power for the benefit of their local communities.
Normally they’d have weeks or months to raise the money they need to go ahead. But a surprise cut to government support means they’ve got to be fully funded by the end of November.
Your donation will be taken and processed by 10:10, the national climate change charity running this project. 10:10 will combine your donation with all the other donations to this project, and invest it in the project as one lump sum. The investment will be in 10:10’s name, and any returns received will help fund work supporting community energy in the UK.
All the money 10:10 receives will be directly invested in UK community energy projects, and the returns on these investments will fund 10:10’s work supporting community energy. However, they do use the Stripe payment processing service to make sure your donation is handled quickly and securely, and they deduct a small fee from each transaction.
10:10 will always do everything in our power to get your donation to the project you’ve chosen. Unfortunately there are some situations where this won’t be possible. When you make a donation, you can choose what happens to your money if a situation like this arises: it can either be redirected to another community energy project of our choosing, or 10:10 can give you a full refund. Your call!
Each project handles its own investments, so when you choose to invest in a project you will be linked to its website so you can deal with them directly. As with all investments, your capital is at risk when you invest in community energy.
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The campaign is run by our friends the UK climate change charity 10:10. They offer positive, practical ways to help tackle climate change, and bring people together to make the most of them.
10:10 are not officially connected with the community energy groups featured on this website, but are in touch with all of them, and got their approval before they launched the campaign.