NAME OF ORGANISATION: The Resilience Centre
LOCATION: Forest of Dean
YEAR FOUNDED: 2014
ABOUT: The Resilience Centre manages community-owned renewable energy projects.
INVESTMENT PURPOSE: To build a new 500kW community wind turbine
INVESTMENT AMOUNT: £600,000
DATE OF INVESTMENT: 2015
SOURCE OF INVESTMENT: Community Share Offer
IMPACT: Energy & The Environment; Community & Local Democracy;
ABOUT: The Resilience Centre assists landowners, communities and businesses by delivering practical, economic, sustainable solutions to increase resilience against the effects of climate change and resource depletion. Its projects include wind turbines, micro hydroelectric dams and sustainable woodland management. A share of operational turnover and any surpluses are allocated to local community initiatives to increase resilience in the face of climate breakdown. Improved access to affordable energy supports communities against fuel poverty, along with support the local economy through providing employment opportunities
PURPOSE OF INVESTMENT: The Resilience community group launched their share offer to raise capital to build a new community wind turbine on the edge of the Severn Estuary, close to Lydney and Chepstow. Resonance boosted the visibility and momentum of The Resilience Centre’s offer by underwriting £600,000 of the target. The end-game of this boost in momentum was the successful conclusion of the share offer and the build/commissioning of the turbine in November the same year.
Read more about The Resilience Centre and other investments in the Community Assets Social Impact Report.
Resonance Limited is a company registered in England and Wales no. 04418625
Resonance Impact Investment Limited, a subsidiary of Resonance Limited, is authorized and regulated by the Financial Conduct Authority (FCA). Firm number 588462.
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