Is your money doing good?

[Amunation]

Hello

My partner is a (voluntary) Director of a local community energy coop (South East London Community Energy www.selce.org.uk) and asked me to share this message with the EDF community:

My incredible community energy organisation based in Lewisham, SELCE, has just launched a share offer to raise much needed capital to install more solar PV on the roofs of community buildings in South East London.

We are holding a webinar tonight at 7pm if you would like to hear all of the details (https://selce.org.uk/sign-up-to-our-share-offer-webinar/)

Our current solar installations are on schools and this time we are planning installations on two leisure centres, a church and to power a new community art project on Greenwich peninsular called Aluna moon clock.

Key details:

- open until 30th Nov

- interest payment of 3% per year

- investments from ?250 ? ?20,000 per person/organisation

- By investing you become a democratic member of Selce

- You can request your capital after 3 years, or leave it in for 20 years

- Inheritance tax exempt

All of the investment details you need to know are available at www.selce.org.uk/se-solar/invest/.

SELCE pre-registered the sites so we can benefit from the last shreds of the government support (Feed in Tariff) which is coming to an end.

The reason that I chose to volunteer my time for SELCE is that it is a community energy coop that doesn?t just put PV on roofs but it takes a truly holistic approach to community energy, tackling the daunting task of driving energy efficiency retrofit in the housing stock and providing free drop in advice and referral services to fuel poor residents. So investment in PV helps support all of this work. See attached for some of the impact.

I have been volunteering in SELCE?s fuel poverty advisory services for over a year, and this Autumn I became a Director. This is the third share offer the coop has run - so they know what they are doing.

Please do share this with family and friends who might be interested. It?s one of the really tangible things we can do as individuals to combat the climate crisis.

A share would also be a great (generous) xmas gift for someone you love (a lot).

Louise Sunderland

[Amunation]

Hi Mahoody

Thanks you for your interest. As a community share offer, the shares are not listed on a stock market - they are non transferable shares. Community shares refer to withdrawable share capital. This type of share capital can only be issued by co-operative societies, community benefit societies and charitable community benefit societies.

As a shareholder you become a member of the community coop or benefit society. You cannot sell your shares but you can apply to withdraw some or all of your capital. The Directors of the community benefit society consider these applications on an annual basis.

SELCE is a society for the benefit of the community and can lawfully issue withdrawable shares to the membership. However, we are not directly regulated by a statutory body - this is the case for all share offers.

All of the details, investment risks etc are outlined in the share document: http://selce.org.uk/wp-content/uploads/2019/11/SELCE-Share-Offer-2019-Single-Pages-FINAL.pdf

Most people invest in community share offers (which are used to support community PV but also community pubs and other community resources) in order to support their community through local investment.

Please don't hesitate to put ask any further questions

Louise