REIC provides a mechanism for linking people who wish to invest in sustainable energy initiatives with renewable energy to developers, including community groups, within the UK.
The Principle Objectives are:
· To carry on the business of a club by providing for the use of its Members information concerning persons engaged in industrial and commercial enterprise in the United Kingdom, including those requiring capital to become so engaged and particularly by information concerning Relevant Firms;
· To promote commercial activity in the United Kingdom, particularly through encouraging investment in organisations which conduct their business in a socially responsible manner, in accordance with such criteria as may be laid down from time to time by the Directors of the Club.
· To encourage primary and secondary markets in Relevant Firms’ securities by:
· To distribute information and investment advertisements to Members on behalf of Relevant Firms and other Members; and arranging investment deals between Members and Relevant Firms.
In carrying out these objects the Club shall have no direct or indirect pecuniary interest in the arrangements or in any investment agreement which may be entered into by persons participating in these except any such interest as may arise from the receipt of such sums as may reasonably be regarded as necessary to met the costs of making the arrangements.
The Renewable Energy Investment Club was set up with the secondary aim of simplifying the process of and reducing the cost of offering shares in a community renewable energy project.
The Renewable Energy Investment Club is an initiative enabling local people to have a real stake in sustainable energy initiatives such as solar, wind, tidal, hydro or biomass, by linking them with renewable energy developers and providing a mechanism for investment in approved projects. The concept is to enable new ways of involving local people in investment, clean electricity use, and generation.
Through the establishment of this investment tool it is hoped that more community groups or larger developers of RE projects will offer local people a stake in their local RE scheme as well increasing the number of projects successfully obtaining planning permission.
REIC INFORMATION PAGE