Breaking News!!!

Fantastic breaking news – Reading Hydro has received a boost to our share raise, thanks to an offer of a £100k investment from Power to Change. With this we have reached our £700k target! Thank you so much to everyone who has invested.

Our share offer will stay open as stated to February 14th, but we may have to scale back applications for shares. To encourage community ownership, we will give priority to applications from Reading residents.

Are the interest rates limited?

Once the scheme is up-and-running, we aim to offer 4% interest to investors each year (or at the rate of inflation if that is higher). The rate is not guaranteed, it will be agreed by Reading Hydro members at the AGM and depend on the income and costs during the previous year. You can invest and chose not to receive interest.

To apply for shares go, to https://hydro.readinguk.org/shares/ or email us at [email protected] if you have any questions.

What other examples are there of this type of plant?

There are lots of hydro power schemes in the UK already using Archimedes screw turbines. We have learned and taken inspiration from them. There are five sites nearby on the Thames at Mapledurham, Osney, Sandford, Sonning and Windsor. Reading Hydro is really close to Reading town centre and the railway station, and by far the easiest one to visit!

To apply for shares go, to https://hydro.readinguk.org/shares/ or email us at [email protected] if you have any questions.