BECOME A PIONEER INVESTOR IN READING HYDRO

Announcing the Launch of Reading Hydro Pioneer Share Offer

We’re excited to announce the launch of our Pioneer Share Offer for Reading Hydro CBS. This is an initial investment round to support the early stages, including outline design work to ensure the viability of the project. You can support and invest in Reading Hdyro here!

Our Initial Pioneer Shares

We have got as far as we can supported by initial grants from the Reading Climate Change Partnership and the Department of Energy & Climate Change (now BEIS). All alongside countless hours from the support and work of our wonderful volunteers and growing community (that’s you).

 

Now we need to move quickly to the next stages! The government is ending the Feed In Tariff for renewable energy at the end of March 2019. In order to secure this extra income, essential for the viability for the project, we must register our scheme with Ofgem before then. We are working to achieve all the necessary permissions. In parallel we are commissioning an Outline Design for the project by an experienced contractor.

You can buy into our Pioneer Share Offer to kick start this project work. This will cover project permissions costs and the commissioning of the outline scheme design.

After all this we will be able to do a full design for the project, make our Main Community Share Offer, and build the scheme.

Without the money raised from this Pioneer Share Offer the project won’t happen for years.

All Pioneer Share owners will be members with a vote in our Community Benefit Society, be eligible to have their investment repaid over time once the scheme is up and running, and gain other perks along the way. If the scheme cannot be built the Pioneer Shares will not be able to be paid back.

Your money is at risk if the project fails; your support makes it more likely we will succeed.

IF YOU’RE INTERESTED TO FIND OUT MORE, INVEST IN SHARES, OR SUPPORT IN WHATEVER WAY YOU CAN, THEN PLEASE READ MORE ABOUT OUR PIONEER SHARE OFFER ON CROWDFUNDER.

READING TOWN MEAL AND THE MAYOR

Reading Town Meal Hydro Stall 2018 with the Mayor, Chris and Erica

Reading Hydro CBS had a smile-filled day at Reading Town Meal on Saturday. Mayor Debs Edwards visited us, with great understanding of the issues Reading Hydro faces and the unique opportunity the project offers the town. Reading Hydro would put funds back into the community for decades to come, and be a focal point for pride in what our people can achieve together to innovate and improve the environment.

We much enjoyed Debs’ company and that of the wide range of engaged and interesting people that flowed into our space.

Visiting the many other stalls showed what a huge variety of interesting projects and motivated people we have in our community. Thank you so much Food4families for creating this inspiring event and ordering in the sunshine.

We really look forward to all the people who signed up for membership and who took leafelts becoming more involved in any way that takes their fancy.

Many thanks to Reading Sustainability Centre and Refill Reading, who shared the stall with us, helping give it variety and interest for all ages.