CREW Energy's first ever community share offer is now live until 21st January 2021! This is the first ever urban community energy renewable heat project.
Join us to become an impact investor and eco-pioneer!
With your help we will be raising £50,000 to cover the cost of installing four air source heat pumps at Devas Club in Battersea, bringing huge benefits to the club, the environment and local people and air quality. It's your opportunity to help your local area, take #ActionBeyondActivism and get a targeted 3% return on your investment*!
*Capital is at risk and returns are not guaranteed.
Join us to become an impact investor and eco-pioneer!
With your help we will be raising £50,000 to cover the cost of installing four air source heat pumps at Devas Club in Battersea, bringing huge benefits to the club, the environment and local people and air quality. It's your opportunity to help your local area, take #ActionBeyondActivism and get a targeted 3% return on your investment*!
*Capital is at risk and returns are not guaranteed.
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The project
We'll be installing a 64 kW air source heat pump system at Devas Club youth centre off Lavender Hill, saving a grand total of 17 tonnes of CO2e per annum, which adds up to a £962 saving on their annual energy bill! In return for your investment, you will:
Not only will this share offer support a local pillar of the SW London community, it will also help to fund the CREW fuel poverty outreach programme, bringing greater social justice to our borough. Everyone who invests becomes a member of our community benefit society and has a direct say in how we are run! We look forward to welcoming you into the crew. |
Your questions answered!
How long will the offer run for?
The offer will be open from 14th December 2020 until 21st January 2021, or once we have reached our target (whichever comes first!).
How much can I invest?
You can invest from £250 up to £5,000.
How much interest will I get?
We are aiming for 3% annual interest for up to 20 years but remember, as with all investments, capital is at risk and returns are not guaranteed.
Where does CREW get the money for interest payments?
We will generate income in two ways: from the Government's Renewable Heat Incentive scheme and from a heat charge payment from Devas Club.
What return can I expect if I invest £250?
Our model assumes we will pay a small portion of capital back each year, starting from year 3. This means you get your capital back to invest in other important causes, but also give you a little more flexibility should you wish to withdraw your funds. Here is an example of what you get when you invest £250:
How long will the offer run for?
The offer will be open from 14th December 2020 until 21st January 2021, or once we have reached our target (whichever comes first!).
How much can I invest?
You can invest from £250 up to £5,000.
How much interest will I get?
We are aiming for 3% annual interest for up to 20 years but remember, as with all investments, capital is at risk and returns are not guaranteed.
Where does CREW get the money for interest payments?
We will generate income in two ways: from the Government's Renewable Heat Incentive scheme and from a heat charge payment from Devas Club.
What return can I expect if I invest £250?
Our model assumes we will pay a small portion of capital back each year, starting from year 3. This means you get your capital back to invest in other important causes, but also give you a little more flexibility should you wish to withdraw your funds. Here is an example of what you get when you invest £250:
Year |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
Re-payment |
£0.00 |
£0.00 |
£13.89 |
£13.89 |
£13.89 |
£13.89 |
£13.89 |
£13.89 |
£13.89 |
£13.89 |
Interest |
£7.50 |
£7.50 |
£7.50 |
£7.08 |
£6.67 |
£6.25 |
£5.83 |
£5.42 |
£5.00 |
£4.58 |
Annual return |
£7.50 |
£7.50 |
£21.39 |
£21.39 |
£20.97 |
£20.56 |
£20.14 |
£19.72 |
£19.31 |
£18.89 |
Year |
11 |
12 |
13 |
14 |
15 |
16 |
17 |
18 |
19 |
20 |
Re-payment |
£13.89 |
£13.89 |
£13.89 |
£13.89 |
£13.89 |
£13.89 |
£13.89 |
£13.89 |
£13.89 |
£13.89 |
Interest |
£4.17 |
£3.75 |
£3.33 |
£2.92 |
£2.50 |
£2.08 |
£1.67 |
£1.25 |
£0.83 |
£0.42 |
Annual return |
£17.64 |
£17.22 |
£16.81 |
£16.39 |
£15.97 |
£15.56 |
£15.14 |
£14.72 |
£14.31 |
£14.31 |
Initial investment = £250
Total returned (repayment + interest) over 20 years = £335.42
Total returned (repayment + interest) over 20 years = £335.42
Who can buy shares?
Anyone aged 16 or over can buy shares.
How do I apply?
You can apply online via our investment platform (created by Co-Energy and co-managed by CREW) or using the application form in our share offer document, available here.
Anyone aged 16 or over can buy shares.
How do I apply?
You can apply online via our investment platform (created by Co-Energy and co-managed by CREW) or using the application form in our share offer document, available here.
