The Community Fund will be set up using surplus income from BWCE.
Surplus income is that which is left over after the company’s running expenses (for example repayment of bank loans, premises costs and employees’ incomes) and shareholders’ interest have been paid.
The proportion of the surplus income from BWCE renewable energy generation projects to be allocated to Community Fund will be decided by a vote of members at each AGM. It is intended that, should our generating capacity targets be met, then in years to come significant money will be passed to the Community Fund.
The overall aim of the Community Fund is to support projects which will help mitigate against the effects of peak oil supply and climate change in Bath and surrounding areas.
It will do this by providing financial support via grant funding or investments in local projects that meet the selection criteria.
Project proposals would have to demonstrate that they promote environmental sustainability and rational, low or zero carbon use of energy. Emphasis will be on practical projects that lead to real community benefits.