BWCE is set up to develop, finance and manage renewable energy and energy efficiency projects.
You will be buying shares in Bath & West Community Energy an Industrial and Provident Society set up as a Community Benefit Society or ‘BenCom’. (Our Structure)
In return for investing in BWCE you will become a member and be able to have a say in the company’s philosophy and the way it is run.
You will also, subject to financial performance, get a reasonable rate of return on your investment. This will be in the form of interest on your shares. We aim to pay members a real return in excess of the long run Retail Price Index (RPI), currently 3.5%. We are projecting an annual return of about 7.0% but this could change if RPI changes. We are able to do this because our income from the Feed In Tariff (FIT) is linked to RPI for the 25 year lifetime of the FIT Scheme.
An investment in shares in BWCE qualifies for tax relief under the Enterprise Investment Scheme (EIS). So if you are a qualifying income tax payer you can claim back up to 30% of the money you invest, click here for more details.
In order to achieve our aims (Aims and Objective)and create a diversity of income streams BWCE will invest in, or wholly own, various subsidiary companies. The function of those companies will be to pool together various generating sites using similar technologies for ease of administration.
We will also work with other community organisations (Community Partners) helping them to develop and finance their projects.