The Ethex website has just gone live & already has investors
The MBCE website is also live
The share offer aims to raise £640,000, which will be invested in a 5MW solar array at Merston Farm in Chichester, is eligible for Enterprise Investment Tax (EIS) tax relief and aims to pay investors 7% interest/annum. The directors of Meadow Blue Community Energy include Chris Rowland (a director of OVESCO Ltd CIC) and Nick Rouse (a director of OVESCO Ltd CIC & OVESCO Limited CBS) as well as Julie Salmon, Dave Barton and Steve Webb.
IMPORTANT: due to recent changes to the Enterprise Investment Tax (EIS) tax relief announced on the 26th October, investors cheques must clear by the 23rd November and BACS payments by 24th November. For more information about how and when to invest go to the Ethex website
This is almost certainly the last chance to benefit from a share offer in a community energy project using EIS.
Chris Rowland – Director OVESCO Ltd CIC & Meadow Blue Community Energy.