Main Share Offer
We’re all set to build a community-owned hydro scheme on the Thames in Reading, next to Caversham weir. It will generate enough renewable electricity for 90 average homes for decades to come. Income from selling electricity will run the scheme and pay a return to investors. We need to raise £700,000 now, to build the scheme later in 2020.
Will you help make it happen? By buying shares you’ll help tackle the climate emergency, while earning a reasonable return and knowing that surplus income will go to community projects. You’ll become a member of Reading Hydro Community Benefit Society, with a say in decisions.
The share offer will be open until 14th February 2020, but may close before then if we have reached the target amount.
We have all the permissions that are needed to build a hydro scheme by Caversham weir, and need to raise £700,000 now in order to build later on in 2020. We are raising the investment through a share offer to both local individuals and organisations.
The Share offer document gives a summary of our plans and explains how you can invest. You can find further public information, such as the Rules of Reading Hydro CBS Ltd on the FCA Register at mutuals.fca.org.uk, found here.
If you have any further questions and would like to speak to us directly about this share offer, please either email us at [email protected] or call us on 0118 336 0318. Please note we are a voluntary-run organisation, so one of our Directors will aim to get back to you as soon as possible.
With thanks to our Pioneer Share Holders, who enabled us to reach this point.