Avalon Community Energy are delighted to announce that their second Community Share Offer is now live.
The Share Offer will run for a very limited period between November 10th and 27th 2015 in order to allow investors to qualify for the Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS). Both tax reliefs end as of November 29th and so this is the last chance for social investors to benefit from these generous Government-backed incentive programmes.
SEIS offers up to 50% income tax relief on investments in start-up businesses, whilst EIS offers the slightly lower relief of 30%. The first £90,000 of investment into ACE during this period will qualify for the SEIS relief whilst other investments will qualify for EIS. For full details on SEIS, please visit: http://www.seis.co.uk/about-seis/investors
ACE are targeting an interest on investment of 5% for those who sign up to this offer, the money raised from which will go to installation of solar panels on the rooftops of Brookside School in Street, Somerset and 8-9 industrial rooftops on the Evercreech Junction Business Park, which is being looked at as a possible long-term site for an energy park. ACE were able to submit applications for pre-accreditation for the Feed-In Tariffs prior to the recently imposed deadline of September 30th, meaning that the sites should all qualify for a FIT rate that allows long-term sustainability for these projects.
To invest in this Offer, you need to download a copy of the Share Offer Document, print and fill out the form and then either return to us by post or scan onto a computer and email to email@example.com
All cheques need to be received by 23rd November, whilst BACS can be received up until 27th November. Minimum investment is £50 if you live in Mendip District, £500 for anywhere else.