News of a loan fund for community renewable projects. This is from FSE Group, working alongside National Energy Foundation and supported by initial investors Big Society Investment Fund and Esmee Fairbairn Foundation.
The Fund is designed for communities seeking to develop renewable energy generation infrastructure which will create renewable energy, social engagement and a long term income source to be recycled by the community into relevant social impact initiatives. In other words, the Fund is seeking to help communities create their own environmental, social and financial legacy. The Fund aims to provide access to capital at project stages or scales where funding is needed most but is not readily available.
Key points are:
- Two stage application. Pre-application to be in by 16th April 2012
- Two categories of loan: development and construction
- Particular focus on most deprived areas – Location of Main Beneficiary Group will rank within the 50% most deprived locations, as listed in latest available Indices of Deprivation. Applications within the 20% most deprived locations are particularly encouraged, although technical and financial viability will remain the overriding assessment factor
More info: http://thefsegroup.com/funding/social-funds/community-generation-fund/